iShares Russell 2000 BuyWrite ETF (BATS:IWMW) Sees Significant Drop in Short Interest

iShares Russell 2000 BuyWrite ETF (BATS:IWMW) saw a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 1,339 shares, a drop of 88.4% from the September 15th total of 11,583 shares. Based on an average daily trading volume, of 12,668 shares, the short-interest ratio is presently 0.1 days. Approximately 0.2% of the shares of the company are short sold.

Hedge Funds Weigh In On iShares Russell 2000 BuyWrite ETF

Several large investors have recently added to or reduced their stakes in IWMW. Tactive Advisors LLC acquired a new position in iShares Russell 2000 BuyWrite ETF in the third quarter worth $984,000. Janney Montgomery Scott LLC bought a new stake in iShares Russell 2000 BuyWrite ETF during the first quarter valued at $272,000. Finally, Banque Cantonale Vaudoise bought a new stake in iShares Russell 2000 BuyWrite ETF during the first quarter valued at $27,000.

iShares Russell 2000 BuyWrite ETF Stock Performance

Shares of IWMW opened at $37.38 on Monday. The firm has a market cap of $23.18 million, a price-to-earnings ratio of 15.60 and a beta of 1.03. The stock has a 50 day moving average of $39.04 and a 200-day moving average of $38.75. iShares Russell 2000 BuyWrite ETF has a 52 week low of $36.21 and a 52 week high of $41.81.

iShares Russell 2000 BuyWrite ETF Company Profile

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.