iShares Russell 2000 BuyWrite ETF (BATS:IWMW – Get Free Report) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 15,277 shares, a drop of 67.4% from the June 30th total of 46,793 shares. Currently, 2.5% of the shares of the stock are sold short. Based on an average trading volume of 12,147 shares, the days-to-cover ratio is currently 1.3 days.
iShares Russell 2000 BuyWrite ETF Trading Down 0.1%
Shares of BATS IWMW opened at $39.29 on Friday. The business has a 50-day moving average of $39.06 and a 200-day moving average of $38.71. The firm has a market capitalization of $24.36 million, a price-to-earnings ratio of 15.60 and a beta of 1.03. iShares Russell 2000 BuyWrite ETF has a 12 month low of $36.21 and a 12 month high of $41.81.
Hedge Funds Weigh In On iShares Russell 2000 BuyWrite ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of IWMW. Janney Montgomery Scott LLC purchased a new stake in shares of iShares Russell 2000 BuyWrite ETF during the 1st quarter valued at $272,000. UMB Bank n.a. purchased a new position in iShares Russell 2000 BuyWrite ETF in the fourth quarter worth $395,000. Jane Street Group LLC purchased a new position in iShares Russell 2000 BuyWrite ETF in the fourth quarter worth $230,000. Osaic Holdings Inc. bought a new position in iShares Russell 2000 BuyWrite ETF in the second quarter valued at $31,000. Finally, Banque Cantonale Vaudoise bought a new position in iShares Russell 2000 BuyWrite ETF in the first quarter valued at $27,000.
About iShares Russell 2000 BuyWrite ETF
The iShares Russell 2000 BuyWrite ETF (IWMW) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is a fund-of-funds that employs a covered call strategy on the Russell 2000 index for income, focusing on small-cap US stocks. The fund aims to distribute monthly income from option premiums and dividends. IWMW was launched on Mar 14, 2024 and is issued by BlackRock.
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