iShares U.S. Manufacturing ETF (NYSEARCA:MADE – Get Free Report) saw a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 968 shares, a drop of 92.4% from the April 15th total of 12,803 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 20,478 shares, the short-interest ratio is currently 0.0 days.
iShares U.S. Manufacturing ETF Stock Up 1.6%
Shares of MADE traded up $0.58 during mid-day trading on Monday, reaching $37.32. 18,612 shares of the stock traded hands, compared to its average volume of 23,505. The firm has a market cap of $57.10 million, a price-to-earnings ratio of 20.18 and a beta of 1.25. The stock has a fifty day simple moving average of $35.31 and a 200 day simple moving average of $33.49. iShares U.S. Manufacturing ETF has a 12-month low of $24.80 and a 12-month high of $37.80.
Institutional Trading of iShares U.S. Manufacturing ETF
A number of hedge funds have recently made changes to their positions in the company. Kestra Private Wealth Services LLC purchased a new stake in shares of iShares U.S. Manufacturing ETF during the first quarter valued at approximately $261,000. Allegheny Financial Group bought a new stake in shares of iShares U.S. Manufacturing ETF in the first quarter worth $304,000. Breachway Investments LLC bought a new stake in shares of iShares U.S. Manufacturing ETF in the fourth quarter worth $360,000. WealthBridge Capital Management LLC increased its stake in shares of iShares U.S. Manufacturing ETF by 7.7% in the fourth 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. Finally, WealthCare Investment Partners LLC increased its stake in shares of iShares U.S. Manufacturing ETF by 105.6% in the fourth quarter. WealthCare Investment Partners LLC now owns 19,062 shares of the company’s stock worth $610,000 after buying an additional 9,791 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.
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