iShares U.S. Basic Materials ETF (NYSEARCA:IYM) Sees Large Decrease in Short Interest
by Mitch Edgeman · The Markets DailyiShares U.S. Basic Materials ETF (NYSEARCA:IYM – Get Free Report) was the recipient of a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 22,778 shares, a decline of 22.6% from the November 30th total of 29,433 shares. Based on an average daily volume of 155,717 shares, the short-interest ratio is presently 0.1 days. Currently, 0.7% of the company’s shares are short sold. Currently, 0.7% of the company’s shares are short sold. Based on an average daily volume of 155,717 shares, the short-interest ratio is presently 0.1 days.
iShares U.S. Basic Materials ETF Stock Performance
NYSEARCA IYM traded down $1.52 during trading on Thursday, hitting $153.96. The stock had a trading volume of 48,653 shares, compared to its average volume of 37,495. iShares U.S. Basic Materials ETF has a one year low of $115.07 and a one year high of $157.90. The stock has a 50 day simple moving average of $148.13 and a 200 day simple moving average of $146.48. The stock has a market capitalization of $538.86 million, a price-to-earnings ratio of 22.43 and a beta of 1.07.
Hedge Funds Weigh In On iShares U.S. Basic Materials ETF
A number of large investors have recently bought and sold shares of the business. Curi RMB Capital LLC purchased a new stake in iShares U.S. Basic Materials ETF in the first quarter worth $3,104,000. Jones Financial Companies Lllp increased its stake in iShares U.S. Basic Materials ETF by 1,430.4% in the 1st quarter. Jones Financial Companies Lllp now owns 32,108 shares of the company’s stock worth $4,328,000 after buying an additional 30,010 shares during the period. Jane Street Group LLC lifted its holdings in iShares U.S. Basic Materials ETF by 266.1% during the 1st quarter. Jane Street Group LLC now owns 5,707 shares of the company’s stock valued at $769,000 after buying an additional 4,148 shares in the last quarter. Sovran Advisors LLC boosted its position in iShares U.S. Basic Materials ETF by 37.1% in the 2nd quarter. Sovran Advisors LLC now owns 3,830 shares of the company’s stock valued at $550,000 after buying an additional 1,036 shares during the period. Finally, Focus Financial Network Inc. boosted its position in iShares U.S. Basic Materials ETF by 7.1% in the 2nd quarter. Focus Financial Network Inc. now owns 1,850 shares of the company’s stock valued at $259,000 after buying an additional 123 shares during the period.
About iShares U.S. Basic Materials ETF
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.