iShares U.S. Basic Materials ETF (NYSEARCA:IYM) Short Interest Down 49.1% in March

Posted by Trevor Kearing on Mar 27th, 2026

iShares U.S. Basic Materials ETF (NYSEARCA:IYM – Get Free Report) was the recipient of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 41,577 shares, a drop of 49.1% from the February 26th total of 81,720 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average daily volume of 127,639 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On iShares U.S. Basic Materials ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Legacy Wealth Managment LLC ID acquired a new stake in iShares U.S. Basic Materials ETF in the 4th quarter valued at approximately $36,000. Pin Oak Investment Advisors Inc. bought a new stake in iShares U.S. Basic Materials ETF during the 4th quarter valued at $38,000. Strive Financial Group LLC acquired a new position in iShares U.S. Basic Materials ETF during the 4th quarter worth $39,000. United Financial Planning Group LLC acquired a new position in iShares U.S. Basic Materials ETF during the 3rd quarter worth $41,000. Finally, Parkside Financial Bank & Trust bought a new position in shares of iShares U.S. Basic Materials ETF in the third quarter worth $52,000.

iShares U.S. Basic Materials ETF Stock Up 0.1%

NYSEARCA IYM traded up $0.14 on Friday, hitting $170.92. The stock had a trading volume of 39,190 shares, compared to its average volume of 203,310. iShares U.S. Basic Materials ETF has a one year low of $115.07 and a one year high of $189.80. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 22.43 and a beta of 1.07. The company’s 50-day moving average is $177.29 and its two-hundred day moving average is $159.63.

iShares U.S. Basic Materials ETF Company Profile

(Get Free Report)

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.