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 during 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. Based on an average daily volume of 17,176 shares, the short-interest ratio is currently 0.2 days. Currently, 0.3% of the shares of the company are short sold.

iShares U.S. Manufacturing ETF Price Performance

NYSEARCA:MADE remained flat at $38.06 during mid-day trading on Friday. The company had a trading volume of 23,241 shares, compared to its average volume of 22,100. The company has a 50-day moving average of $37.53 and a 200 day moving average of $35.41. The firm has a market capitalization of $59.37 million, a PE ratio of 20.18 and a beta of 1.13. 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 modified their holdings of MADE. Royal Bank of Canada increased 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 acquiring an additional 921 shares during the period. Kestra Private Wealth Services LLC purchased a new position in iShares U.S. Manufacturing ETF during the 1st quarter worth $261,000. Allegheny Financial Group acquired a new position in iShares U.S. Manufacturing ETF in the first quarter valued at $304,000. Breachway Investments LLC acquired a new position in iShares U.S. Manufacturing ETF in the fourth quarter valued at $360,000. Finally, Tower Research Capital LLC TRC raised its holdings 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 valued at $455,000 after buying 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.