iShares U.S. Basic Materials ETF (NYSEARCA:IYM) Sees Significant Decline in Short Interest

iShares U.S. Basic Materials ETF (NYSEARCA:IYM) saw a large decline in short interest during 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. Currently, 0.7% of the shares of the company are sold short. Based on an average daily volume of 155,717 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 155,717 shares, the short-interest ratio is presently 0.1 days. Currently, 0.7% of the shares of the company are sold short.

Institutional Trading of iShares U.S. Basic Materials ETF

A number of hedge funds have recently made changes to their positions in IYM. Simplex Trading LLC increased its holdings in shares of iShares U.S. Basic Materials ETF by 442.0% during the 2nd quarter. Simplex Trading LLC now owns 271 shares of the company’s stock worth $37,000 after acquiring an additional 221 shares during the last quarter. Farther Finance Advisors LLC boosted its position in iShares U.S. Basic Materials ETF by 4,600.0% during the second quarter. Farther Finance Advisors LLC now owns 282 shares of the company’s stock worth $39,000 after purchasing an additional 276 shares during the period. United Financial Planning Group LLC bought a new position in iShares U.S. Basic Materials ETF during the third quarter worth $41,000. Parkside Financial Bank & Trust acquired a new position in shares of iShares U.S. Basic Materials ETF in the third quarter valued at $52,000. Finally, CX Institutional bought a new position in shares of iShares U.S. Basic Materials ETF in the second quarter valued at about $67,000.

iShares U.S. Basic Materials ETF Stock Down 1.0%

Shares of IYM stock traded down $1.52 on Wednesday, reaching $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 12 month low of $115.07 and a 12 month high of $157.90. The firm has a market capitalization of $538.86 million, a price-to-earnings ratio of 22.43 and a beta of 1.07. The firm’s 50-day moving average is $148.13 and its two-hundred day moving average is $146.48.

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.