iShares U.S. Manufacturing ETF (NYSEARCA:MADE) Short Interest Update

iShares U.S. Manufacturing ETF (NYSEARCA:MADE) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 17,327 shares, a growth of 315.9% from the June 15th total of 4,166 shares. Based on an average daily volume of 19,893 shares, the short-interest ratio is currently 0.9 days. Currently, 1.1% of the shares of the stock are short sold.

iShares U.S. Manufacturing ETF Stock Performance

Shares of iShares U.S. Manufacturing ETF stock traded down $0.60 during trading on Monday, reaching $37.02. 49,735 shares of the company’s stock were exchanged, compared to its average volume of 22,651. iShares U.S. Manufacturing ETF has a 1-year low of $26.84 and a 1-year high of $39.68. The company has a market cap of $62.19 million, a P/E ratio of 20.18 and a beta of 1.13. The firm’s 50-day moving average price is $37.68 and its 200 day moving average price is $35.73.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Mascagni Wealth Management Inc. boosted its position in iShares U.S. Manufacturing ETF by 7.0% in the first quarter. Mascagni Wealth Management Inc. now owns 21,428 shares of the company’s stock valued at $714,000 after buying an additional 1,411 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of iShares U.S. Manufacturing ETF by 316.5% during the first quarter. Royal Bank of Canada now owns 1,212 shares of the company’s stock worth $40,000 after buying an additional 921 shares in the last quarter. Kestra Private Wealth Services LLC acquired a new position in shares of iShares U.S. Manufacturing ETF during the first quarter worth $261,000. Allegheny Financial Group bought a new position in shares of iShares U.S. Manufacturing ETF in the 1st quarter valued at $304,000. Finally, Breachway Investments LLC bought a new position in shares of iShares U.S. Manufacturing ETF in the 4th quarter valued at $360,000.

About iShares U.S. Manufacturing ETF

The iShares U.S. Manufacturing ETF (MADE) is an exchange-traded fund that is based on the S&P U.S. Manufacturing Select index. The fund is passively managed to invest in US equity securities that derive revenues from manufacturing and manufacturing-related sectors. The fund optimizes the portfolio by setting weight limits for select sectors. MADE was launched on Jul 17, 2024 and is issued by BlackRock.