iShares U.S. Manufacturing ETF (NYSEARCA:MADE) Sees Large Growth in Short Interest

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

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

Several institutional investors have recently added to or reduced their stakes in MADE. Tower Research Capital LLC TRC boosted its position in iShares U.S. Manufacturing ETF by 58.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 17,125 shares of the company’s stock valued at $455,000 after buying an additional 6,295 shares during the period. WealthBridge Capital Management LLC boosted its position in iShares U.S. Manufacturing ETF by 9.6% during the 3rd quarter. WealthBridge Capital Management LLC now owns 55,693 shares of the company’s stock valued at $1,630,000 after buying an additional 4,899 shares during the period. WealthCare Investment Partners LLC purchased a new stake in iShares U.S. Manufacturing ETF during the 3rd quarter valued at $273,000. Citadel Advisors LLC boosted its position in iShares U.S. Manufacturing ETF by 24.7% during the 3rd 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 during the period. Finally, Breachway Investments LLC purchased a new stake in iShares U.S. Manufacturing ETF during the 4th quarter valued at $360,000.

iShares U.S. Manufacturing ETF Price Performance

MADE traded up $0.29 during trading on Friday, hitting $37.64. 40,360 shares of the stock traded hands, compared to its average volume of 22,227. The firm has a market capitalization of $57.59 million, a P/E ratio of 20.18 and a beta of 1.18. The firm has a 50-day moving average of $36.72 and a 200 day moving average of $34.63. iShares U.S. Manufacturing ETF has a 12-month low of $25.54 and a 12-month high of $38.71.

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.