iShares U.S. Basic Materials ETF (NYSEARCA:IYM) Sees Large Decrease in Short Interest

Posted by Lauren Steadman on Jul 30th, 2026

iShares U.S. Basic Materials ETF (NYSEARCA:IYM – Get Free Report) was the recipient of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 45,497 shares, a drop of 36.1% from the June 30th total of 71,183 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average daily trading volume, of 270,741 shares, the short-interest ratio is currently 0.2 days.

iShares U.S. Basic Materials ETF Price Performance

NYSEARCA IYM traded up $2.47 during trading on Thursday, reaching $179.22. 88,516 shares of the company’s stock traded hands, compared to its average volume of 219,524. iShares U.S. Basic Materials ETF has a 12-month low of $138.03 and a 12-month high of $191.37. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 22.43 and a beta of 0.96. The company’s 50 day simple moving average is $181.16 and its two-hundred day simple moving average is $179.53.

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

A number of large investors have recently bought and sold shares of the business. City Holding Co. bought a new stake in iShares U.S. Basic Materials ETF during the 2nd quarter valued at $65,000. Balefire LLC bought a new position in shares of iShares U.S. Basic Materials ETF in the 2nd quarter worth $860,000. CoreCap Advisors LLC lifted its stake in shares of iShares U.S. Basic Materials ETF by 324.4% during the 2nd quarter. CoreCap Advisors LLC now owns 61,497 shares of the company’s stock worth $11,041,000 after purchasing an additional 47,006 shares during the last quarter. Western Wealth Management LLC bought a new stake in iShares U.S. Basic Materials ETF during the first quarter valued at about $180,000. Finally, NewEdge Advisors LLC grew its stake in iShares U.S. Basic Materials ETF by 58.4% in the first quarter. NewEdge Advisors LLC now owns 4,175 shares of the company’s stock valued at $734,000 after purchasing an additional 1,539 shares during the last quarter.

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.