iShares S&P 500 BuyWrite ETF (BATS:IVVW) Stock Short Interest Rises 146.7%

iShares S&P 500 BuyWrite ETF (BATS:IVVW) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 38,897 shares, an increase of 146.7% from the August 31st total of 15,764 shares. Currently, 1.0% of the shares of the company are sold short. Based on an average trading volume of 57,551 shares, the short-interest ratio is presently 0.7 days.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bullseye Investment Management LLC purchased a new position in shares of iShares S&P 500 BuyWrite ETF during the 2nd quarter worth approximately $119,000. Envestnet Asset Management Inc. grew its holdings in iShares S&P 500 BuyWrite ETF by 44.2% during the second quarter. Envestnet Asset Management Inc. now owns 57,493 shares of the company’s stock worth $2,564,000 after acquiring an additional 17,629 shares during the period. Assetmark Inc. grew its holdings in iShares S&P 500 BuyWrite ETF by 3.1% during the first quarter. Assetmark Inc. now owns 92,341 shares of the company’s stock worth $4,032,000 after acquiring an additional 2,761 shares during the period. Finally, Cetera Investment Advisers raised its position in iShares S&P 500 BuyWrite ETF by 35.1% in the first quarter. Cetera Investment Advisers now owns 116,679 shares of the company’s stock worth $5,094,000 after acquiring an additional 30,330 shares in the last quarter.

iShares S&P 500 BuyWrite ETF Stock Up 0.2%

Shares of iShares S&P 500 BuyWrite ETF stock opened at $45.59 on Friday. The firm has a market cap of $178.71 million, a price-to-earnings ratio of 25.38 and a beta of 0.60. iShares S&P 500 BuyWrite ETF has a 52-week low of $42.50 and a 52-week high of $47.25. The company’s 50-day simple moving average is $45.12 and its 200-day simple moving average is $44.52.

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.