iShares U.S. Basic Materials ETF (NYSEARCA:IYM) Short Interest Update

iShares U.S. Basic Materials ETF (NYSEARCA:IYM) saw a large increase in short interest in February. As of February 27th, there was short interest totaling 81,720 shares, an increase of 90.6% from the February 12th total of 42,886 shares. Based on an average daily volume of 121,456 shares, the short-interest ratio is currently 0.7 days. Approximately 1.3% of the company’s stock are short sold. Approximately 1.3% of the company’s stock are short sold. Based on an average daily volume of 121,456 shares, the short-interest ratio is currently 0.7 days.

iShares U.S. Basic Materials ETF Stock Down 0.5%

Shares of iShares U.S. Basic Materials ETF stock traded down $0.92 on Thursday, hitting $176.94. 98,771 shares of the company’s stock traded hands, compared to its average volume of 162,504. iShares U.S. Basic Materials ETF has a 52-week low of $115.07 and a 52-week high of $189.80. The stock has a market cap of $1.11 billion, a P/E ratio of 22.43 and a beta of 1.07. The firm’s 50-day moving average is $176.08 and its 200 day moving average is $157.98.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Legacy Wealth Managment LLC ID acquired a new position in iShares U.S. Basic Materials ETF during the 4th quarter worth $36,000. Simplex Trading LLC lifted its position in shares of iShares U.S. Basic Materials ETF by 442.0% during the second quarter. Simplex Trading LLC now owns 271 shares of the company’s stock worth $37,000 after purchasing an additional 221 shares during the last quarter. Pin Oak Investment Advisors Inc. bought a new position in shares of iShares U.S. Basic Materials ETF during the fourth quarter worth about $38,000. Strive Financial Group LLC acquired a new position in iShares U.S. Basic Materials ETF in the fourth quarter worth about $39,000. Finally, United Financial Planning Group LLC acquired a new position in iShares U.S. Basic Materials ETF in the third quarter worth about $41,000.

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.