iShares U.S. Manufacturing ETF (NYSEARCA:MADE) Sees Significant Decrease in Short Interest

iShares U.S. Manufacturing ETF (NYSEARCA:MADE) saw a significant drop in short interest in September. As of September 15th, there was short interest totaling 1,874 shares, a drop of 76.0% from the August 31st total of 7,823 shares. Based on an average daily trading volume, of 10,777 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

iShares U.S. Manufacturing ETF Trading Up 1.3%

Shares of NYSEARCA:MADE traded up $0.46 on Friday, hitting $35.51. The company had a trading volume of 7,653 shares, compared to its average volume of 20,019. iShares U.S. Manufacturing ETF has a 52-week low of $28.40 and a 52-week high of $39.68. The business has a 50 day moving average of $36.47 and a 200 day moving average of $36.53. The company has a market cap of $59.66 million, a PE ratio of 20.18 and a beta of 1.14.

Institutional Investors Weigh In On iShares U.S. Manufacturing ETF

Several hedge funds have recently modified their holdings of MADE. Royal Bank of Canada raised its position in shares of iShares U.S. Manufacturing ETF by 316.5% in the first quarter. Royal Bank of Canada now owns 1,212 shares of the company’s stock valued at $40,000 after buying an additional 921 shares during the last quarter. IFP Advisors Inc boosted its position in iShares U.S. Manufacturing ETF by 51.5% during the second quarter. IFP Advisors Inc now owns 4,502 shares of the company’s stock worth $178,000 after acquiring an additional 1,531 shares during the last quarter. Kestra Private Wealth Services LLC purchased a new stake in iShares U.S. Manufacturing ETF in the 1st quarter worth approximately $261,000. Allegheny Financial Group purchased a new stake in iShares U.S. Manufacturing ETF in the 1st quarter worth approximately $304,000. Finally, Mascagni Wealth Management Inc. raised its holdings in iShares U.S. Manufacturing ETF by 7.0% in the 1st quarter. Mascagni Wealth Management Inc. now owns 21,428 shares of the company’s stock valued at $714,000 after acquiring an additional 1,411 shares during the last quarter.

iShares U.S. Manufacturing ETF Company Profile

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.