Short Interest in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) Declines By 68.4%

Posted by Donna Armstrong on Jun 11th, 2026

iShares U.S. Basic Materials ETF (NYSEARCA:IYM – Get Free Report) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 12,187 shares, a decrease of 68.4% from the May 14th total of 38,539 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 282,920 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of iShares U.S. Basic Materials ETF

A number of hedge funds have recently bought and sold shares of IYM. Legacy Wealth Managment LLC ID acquired a new stake in iShares U.S. Basic Materials ETF during the fourth quarter worth approximately $36,000. Turtle Creek Wealth Advisors LLC acquired a new stake in iShares U.S. Basic Materials ETF during the first quarter worth approximately $36,000. Pin Oak Investment Advisors Inc. acquired a new stake in iShares U.S. Basic Materials ETF during the fourth quarter worth approximately $38,000. Strive Financial Group LLC acquired a new stake in iShares U.S. Basic Materials ETF during the fourth quarter worth approximately $39,000. Finally, Ascentis Independent Advisors acquired a new stake in iShares U.S. Basic Materials ETF during the first quarter worth approximately $40,000.

iShares U.S. Basic Materials ETF Trading Up 2.0%

Shares of IYM stock traded up $3.59 during trading hours on Thursday, hitting $181.77. The company’s stock had a trading volume of 9,795 shares, compared to its average volume of 214,914. The business has a fifty day moving average of $182.88 and a 200-day moving average of $172.73. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 22.43 and a beta of 0.95. iShares U.S. Basic Materials ETF has a twelve month low of $135.94 and a twelve month high of $189.80.

About iShares U.S. Basic Materials ETF

(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.