iShares U.S. Manufacturing ETF (NYSEARCA:MADE) Stock Short Interest Declines 76.0%

by · The Markets Daily

iShares U.S. Manufacturing ETF (NYSEARCA:MADE – Get Free Report) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totaling 1,874 shares, a decline of 76.0% from the August 31st total of 7,823 shares. Based on an average trading volume of 10,777 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Trading of iShares U.S. Manufacturing ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the company. IFP Advisors Inc raised its holdings in iShares U.S. Manufacturing ETF by 51.5% in the second quarter. IFP Advisors Inc now owns 4,502 shares of the company’s stock worth $178,000 after buying an additional 1,531 shares during the last quarter. Mascagni Wealth Management Inc. increased its position in shares of iShares U.S. Manufacturing ETF by 7.0% during the first 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 in the last quarter. Royal Bank of Canada raised its holdings in 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 worth $40,000 after acquiring an additional 921 shares during the last quarter. Kestra Private Wealth Services LLC purchased a new position in iShares U.S. Manufacturing ETF in the 1st quarter worth approximately $261,000. Finally, Allegheny Financial Group bought a new position in iShares U.S. Manufacturing ETF in the 1st quarter valued at approximately $304,000.

iShares U.S. Manufacturing ETF Stock Up 1.3%

Shares of NYSEARCA MADE traded up $0.46 during trading on Friday, reaching $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 12-month low of $28.40 and a 12-month high of $39.68. The business’s 50-day moving average is $36.47 and its 200 day moving average is $36.52. The stock has a market cap of $59.66 million, a PE ratio of 20.18 and a beta of 1.14.

About iShares U.S. Manufacturing ETF

(Get Free Report)

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.

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