iShares S&P 500 BuyWrite ETF (BATS:IVVW) Sees Large Drop in Short Interest

iShares S&P 500 BuyWrite ETF (BATS:IVVW) was the target of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 900 shares, a drop of 97.0% from the July 30th total of 30,449 shares. Based on an average daily trading volume, of 50,037 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

iShares S&P 500 BuyWrite ETF Price Performance

iShares S&P 500 BuyWrite ETF stock opened at $45.46 on Thursday. The firm has a market cap of $178.20 million, a price-to-earnings ratio of 25.38 and a beta of 0.60. iShares S&P 500 BuyWrite ETF has a fifty-two week low of $42.50 and a fifty-two week high of $47.25. The firm has a fifty day moving average price of $44.68 and a two-hundred day moving average price of $44.50.

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

Institutional investors have recently made changes to their positions in the business. Cetera Investment Advisers boosted its stake in iShares S&P 500 BuyWrite ETF by 35.1% during the 1st 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. Assetmark Inc. increased its position in iShares S&P 500 BuyWrite ETF by 3.1% in the 1st 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. OLD Mission Capital LLC increased its position in iShares S&P 500 BuyWrite ETF by 113.2% in the 4th quarter. OLD Mission Capital LLC now owns 20,065 shares of the company’s stock worth $914,000 after buying an additional 10,653 shares during the period. Osaic Holdings Inc. lifted its holdings in shares of iShares S&P 500 BuyWrite ETF by 4.9% during 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 last quarter. Finally, Jane Street Group LLC acquired a new position in shares of iShares S&P 500 BuyWrite ETF during the fourth quarter worth approximately $442,000.

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.