iShares U.S. Basic Materials ETF (NYSEARCA:IYM – Get Free Report) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 93,743 shares, an increase of 208.3% from the August 15th total of 30,403 shares. Currently, 1.4% of the company’s stock are sold short. Based on an average trading volume of 72,620 shares, the short-interest ratio is presently 1.3 days.
Institutional Trading of iShares U.S. Basic Materials ETF
Several hedge funds and other institutional investors have recently bought and sold shares of IYM. Compass Financial Management LLC bought a new position in iShares U.S. Basic Materials ETF during the 2nd quarter worth approximately $29,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of iShares U.S. Basic Materials ETF in the 1st quarter valued at approximately $36,000. Pin Oak Investment Advisors Inc. bought a new stake in shares of iShares U.S. Basic Materials ETF in the 4th quarter valued at approximately $38,000. Strive Financial Group LLC acquired a new stake in shares of iShares U.S. Basic Materials ETF during the 4th quarter valued at approximately $39,000. Finally, Ascentis Independent Advisors acquired a new stake in shares of iShares U.S. Basic Materials ETF during the 1st quarter valued at approximately $40,000.
iShares U.S. Basic Materials ETF Stock Up 0.3%
Shares of IYM traded up $0.53 during midday trading on Friday, hitting $186.56. The company had a trading volume of 875,452 shares, compared to its average volume of 220,604. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 22.43 and a beta of 0.98. The company’s 50 day moving average price is $184.68 and its 200 day moving average price is $182.48. iShares U.S. Basic Materials ETF has a 52 week low of $139.08 and a 52 week high of $197.36.
iShares U.S. Basic Materials ETF Company Profile
The iShares U.S. Basic Materials ETF (IYM) is an exchange-traded fund that mostly invests in materials equity. The fund tracks a broad, market-cap-weighted index of US basic materials companies that includes raw materials such as metals, chemicals and forestry products. IYM was launched on Jun 12, 2000 and is managed by BlackRock.
See Also
- Five stocks we like better than iShares U.S. Basic Materials ETF
- Rocket Lab Tackles a Supply Chain Bottleneck as the Stock Hunts for a Bottom. Time to Buy?
- Optical Cable Corporation Is Starting to Get the Market’s Attention
- Oil Above $100 Is Creating a New Opportunity Beyond the Major Producers
- Is Nike’s Index Demotion a Warning or a Buying Opportunity?
Receive News & Ratings for iShares U.S. Basic Materials ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares U.S. Basic Materials ETF and related companies with MarketBeat.com's FREE daily email newsletter.
