iShares U.S. Manufacturing ETF (NYSEARCA:MADE) Short Interest Up 86.6% in June

iShares U.S. Manufacturing ETF (NYSEARCA:MADE) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 4,166 shares, a growth of 86.6% from the May 31st total of 2,233 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 17,176 shares, the days-to-cover ratio is currently 0.2 days.

iShares U.S. Manufacturing ETF Trading Down 1.5%

MADE stock traded down $0.58 during trading hours on Thursday, hitting $38.06. 23,241 shares of the stock were exchanged, compared to its average volume of 22,100. The firm has a market capitalization of $59.37 million, a P/E ratio of 20.18 and a beta of 1.13. The company has a 50-day simple moving average of $37.53 and a two-hundred day simple moving average of $35.41. iShares U.S. Manufacturing ETF has a 12 month low of $26.84 and a 12 month high of $39.68.

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

A number of hedge funds have recently bought and sold shares of MADE. Royal Bank of Canada boosted its holdings in shares of iShares U.S. Manufacturing ETF by 316.5% in the 1st quarter. Royal Bank of Canada now owns 1,212 shares of the company’s stock valued at $40,000 after purchasing an additional 921 shares in the last quarter. Mascagni Wealth Management Inc. lifted its position in shares of iShares U.S. Manufacturing ETF by 7.0% during the 1st quarter. Mascagni Wealth Management Inc. now owns 21,428 shares of the company’s stock worth $714,000 after buying an additional 1,411 shares during the last quarter. WealthBridge Capital Management LLC lifted its position in shares of iShares U.S. Manufacturing ETF by 7.7% during the 4th quarter. WealthBridge Capital Management LLC now owns 59,982 shares of the company’s stock worth $1,871,000 after buying an additional 4,289 shares during the last quarter. Citadel Advisors LLC boosted its stake in iShares U.S. Manufacturing ETF by 24.7% in the third quarter. Citadel Advisors LLC now owns 26,043 shares of the company’s stock valued at $762,000 after buying an additional 5,158 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its position in 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 valued at $455,000 after acquiring an additional 6,295 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.