iShares S&P 500 BuyWrite ETF (BATS:IVVW) Short Interest Up 117.5% in June

iShares S&P 500 BuyWrite ETF (BATS:IVVW) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 44,054 shares, a growth of 117.5% from the May 31st total of 20,255 shares. Currently, 1.1% of the shares of the company are short sold. Based on an average trading volume of 71,015 shares, the days-to-cover ratio is presently 0.6 days.

iShares S&P 500 BuyWrite ETF Price Performance

Shares of IVVW stock opened at $44.36 on Tuesday. iShares S&P 500 BuyWrite ETF has a 1 year low of $42.50 and a 1 year high of $47.25. The firm has a fifty day moving average price of $44.36 and a 200-day moving average price of $44.77. The company has a market cap of $173.89 million, a price-to-earnings ratio of 25.38 and a beta of 0.60.

Hedge Funds Weigh In On iShares S&P 500 BuyWrite ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Cetera Investment Advisers grew its holdings in iShares S&P 500 BuyWrite ETF by 35.1% during the first quarter. Cetera Investment Advisers now owns 116,679 shares of the company’s stock valued at $5,094,000 after purchasing an additional 30,330 shares during the period. Osaic Holdings Inc. raised its stake in shares of iShares S&P 500 BuyWrite ETF by 4.9% in the fourth quarter. Osaic Holdings Inc. now owns 109,436 shares of the company’s stock worth $4,984,000 after buying an additional 5,132 shares during the period. Assetmark Inc. raised its stake in shares of iShares S&P 500 BuyWrite ETF by 3.1% in the first quarter. Assetmark Inc. now owns 92,341 shares of the company’s stock worth $4,032,000 after buying an additional 2,761 shares during the period. Commonwealth Equity Services LLC lifted its position in shares of iShares S&P 500 BuyWrite ETF by 3.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 42,557 shares of the company’s stock valued at $1,938,000 after buying an additional 1,582 shares in the last quarter. Finally, Retirement Planning Group LLC lifted its position in shares of iShares S&P 500 BuyWrite ETF by 10.0% during the 4th quarter. Retirement Planning Group LLC now owns 41,434 shares of the company’s stock valued at $1,886,000 after buying an additional 3,778 shares in the last quarter.

iShares S&P 500 BuyWrite ETF Company Profile

The iShares S&P 500 BuyWrite ETF (IVVW) is an exchange-traded fund that mostly invests in large cap equity. The fund is passively managed, aiming to participate in the price movement of US large-cap stocks, up to a certain cap, while also providing enhanced monthly income through a covered call option writing strategy. The fund-of-fund holds shares of the iShares Core S&P 500 ETF (IVV) while simultaneously writing one-month call options. IVVW was launched on Mar 14, 2024 and is issued by BlackRock.