iShares U.S. Basic Materials ETF (NYSEARCA:IYM) Short Interest Down 74.2% in April

iShares U.S. Basic Materials ETF (NYSEARCA:IYM) was the recipient of a large drop in short interest during the month of April. As of April 15th, there was short interest totaling 48,437 shares, a drop of 74.2% from the March 31st total of 187,596 shares. Based on an average trading volume of 179,857 shares, the short-interest ratio is presently 0.3 days. Currently, 0.5% of the company’s shares are short sold.

iShares U.S. Basic Materials ETF Trading Up 0.7%

Shares of NYSEARCA:IYM traded up $1.27 during trading on Friday, reaching $184.45. The company’s stock had a trading volume of 31,839 shares, compared to its average volume of 230,706. iShares U.S. Basic Materials ETF has a 12 month low of $128.20 and a 12 month high of $189.80. The firm’s 50 day simple moving average is $179.58 and its two-hundred day simple moving average is $164.25. The stock has a market capitalization of $1.65 billion, a PE ratio of 22.43 and a beta of 1.01.

Institutional Trading of iShares U.S. Basic Materials ETF

Institutional investors have recently added to or reduced their stakes in the company. Legacy Wealth Managment LLC ID bought a new stake in iShares U.S. Basic Materials ETF in the fourth quarter worth about $36,000. Pin Oak Investment Advisors Inc. bought 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 stake in iShares U.S. Basic Materials ETF in the fourth quarter worth about $39,000. United Financial Planning Group LLC bought a new stake in iShares U.S. Basic Materials ETF in the third quarter worth about $41,000. Finally, Parkside Financial Bank & Trust bought a new stake in iShares U.S. Basic Materials ETF in the third quarter worth about $52,000.

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.