iShares Russell 2000 BuyWrite ETF (BATS:IWMW – Get Free Report) saw a significant 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. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 12,668 shares, the days-to-cover ratio is presently 0.1 days.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the business. Tactive Advisors LLC bought a new stake in shares of iShares Russell 2000 BuyWrite ETF during the 3rd quarter valued at $984,000. Janney Montgomery Scott LLC purchased a new stake in shares of iShares Russell 2000 BuyWrite ETF in the 1st quarter worth $272,000. Finally, Banque Cantonale Vaudoise bought a new position in iShares Russell 2000 BuyWrite ETF in the 1st quarter worth $27,000.
iShares Russell 2000 BuyWrite ETF Trading Up 0.6%
BATS IWMW traded up $0.24 during trading hours on Friday, hitting $37.38. 8,156 shares of the company’s stock traded hands, compared to its average volume of 14,934. iShares Russell 2000 BuyWrite ETF has a 52 week low of $36.21 and a 52 week high of $41.81. The firm has a market capitalization of $23.18 million, a P/E ratio of 15.60 and a beta of 1.03. The business’s fifty day moving average price is $39.04 and its two-hundred day moving average price is $38.73.
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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