iShares S&P 500 BuyWrite ETF (BATS:IVVW – Get Free Report) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 38,897 shares, a growth of 146.7% from the August 31st total of 15,764 shares. Based on an average trading volume of 57,551 shares, the days-to-cover ratio is currently 0.7 days. Currently, 1.0% of the shares of the company are sold short.
Institutional Trading of iShares S&P 500 BuyWrite ETF
Institutional investors and hedge funds have recently modified their holdings of the business. Bullseye Investment Management LLC acquired a new position in iShares S&P 500 BuyWrite ETF in the second quarter valued at approximately $119,000. Assetmark Inc. raised its position in shares of iShares S&P 500 BuyWrite ETF by 3.1% during the 1st quarter. Assetmark Inc. now owns 92,341 shares of the company’s stock worth $4,032,000 after purchasing an additional 2,761 shares during the period. Envestnet Asset Management Inc. raised its position in shares of iShares S&P 500 BuyWrite ETF by 44.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 57,493 shares of the company’s stock worth $2,564,000 after purchasing an additional 17,629 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in shares of iShares S&P 500 BuyWrite ETF by 35.1% in the 1st quarter. Cetera Investment Advisers now owns 116,679 shares of the company’s stock worth $5,094,000 after purchasing an additional 30,330 shares during the last quarter.
iShares S&P 500 BuyWrite ETF Trading Down 0.1%
IVVW stock opened at $45.53 on Tuesday. The stock’s 50 day simple moving average is $45.14 and its 200 day simple moving average is $44.52. iShares S&P 500 BuyWrite ETF has a 12-month low of $42.50 and a 12-month high of $47.25. The firm has a market cap of $178.48 million, a P/E ratio of 25.38 and a beta of 0.60.
About iShares S&P 500 BuyWrite ETF
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.
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