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

iShares U.S. Manufacturing ETF (NYSEARCA:MADE) was the recipient of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 2,233 shares, an increase of 164.3% from the May 14th total of 845 shares. Based on an average trading volume of 18,699 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Hedge Funds Weigh In On iShares U.S. Manufacturing ETF

A number of hedge funds have recently added to or reduced their stakes in MADE. Breachway Investments LLC purchased a new position in shares of iShares U.S. Manufacturing ETF during the fourth quarter worth approximately $360,000. WealthCare Investment Partners LLC lifted its position in shares of iShares U.S. Manufacturing ETF by 105.6% in the fourth quarter. WealthCare Investment Partners LLC now owns 19,062 shares of the company’s stock worth $610,000 after purchasing an additional 9,791 shares in the last quarter. Allegheny Financial Group acquired a new position in iShares U.S. Manufacturing ETF in the first quarter worth approximately $304,000. Kestra Private Wealth Services LLC acquired a new position in iShares U.S. Manufacturing ETF in the first quarter worth approximately $261,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of iShares U.S. Manufacturing ETF by 58.1% in the second quarter. Tower Research Capital LLC TRC now owns 17,125 shares of the company’s stock worth $455,000 after acquiring an additional 6,295 shares during the last quarter.

iShares U.S. Manufacturing ETF Trading Up 0.8%

Shares of MADE traded up $0.29 during mid-day trading on Friday, reaching $37.64. The company’s stock had a trading volume of 40,360 shares, compared to its average volume of 22,227. iShares U.S. Manufacturing ETF has a 1-year low of $25.54 and a 1-year high of $38.71. The stock has a market cap of $57.59 million, a P/E ratio of 20.18 and a beta of 1.18. The business has a 50-day simple moving average of $36.72 and a two-hundred day simple moving average of $34.63.

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.