iShares U.S. Basic Materials ETF (NYSEARCA:IYM – Get Free Report) was the target of a significant increase in short interest in the month of 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. Approximately 1.4% of the shares of the company are short sold. Based on an average daily trading volume, of 72,620 shares, the short-interest ratio is currently 1.3 days.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Compass Financial Management LLC acquired a new position in shares of iShares U.S. Basic Materials ETF during the second quarter valued at $29,000. Turtle Creek Wealth Advisors LLC acquired a new stake in iShares U.S. Basic Materials ETF in the first quarter worth about $36,000. Pin Oak Investment Advisors Inc. acquired a new stake in iShares U.S. Basic Materials ETF in the fourth quarter worth about $38,000. Strive Financial Group LLC bought a new position in iShares U.S. Basic Materials ETF in the 4th quarter valued at about $39,000. Finally, Ascentis Independent Advisors bought a new position in iShares U.S. Basic Materials ETF in the 1st quarter valued at about $40,000.
iShares U.S. Basic Materials ETF Price Performance
IYM stock traded up $0.53 on Friday, reaching $186.56. The company’s stock had a trading volume of 875,452 shares, compared to its average volume of 220,604. iShares U.S. Basic Materials ETF has a 52 week low of $139.08 and a 52 week high of $197.36. The company has a market capitalization of $1.24 billion, a P/E ratio of 22.43 and a beta of 0.98. The firm has a fifty day moving average of $184.68 and a two-hundred day moving average of $182.48.
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.
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