iShares Russell 2000 BuyWrite ETF (BATS:IWMW – Get Free Report) was the target of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 327 shares, a decrease of 75.6% from the September 30th total of 1,339 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 11,250 shares, the days-to-cover ratio is presently 0.0 days.
iShares Russell 2000 BuyWrite ETF Stock Up 0.7%
BATS:IWMW opened at $37.77 on Friday. The company’s 50 day moving average is $38.21 and its 200-day moving average is $38.67. iShares Russell 2000 BuyWrite ETF has a 12 month low of $36.21 and a 12 month high of $41.41. The firm has a market cap of $23.42 million, a price-to-earnings ratio of 15.60 and a beta of 1.03.
Institutional Investors Weigh In On iShares Russell 2000 BuyWrite ETF
A number of hedge funds and other institutional investors have recently modified their holdings of IWMW. Tactive Advisors LLC bought a new stake in shares of iShares Russell 2000 BuyWrite ETF during the 3rd quarter worth $984,000. Janney Montgomery Scott LLC bought a new position in shares of iShares Russell 2000 BuyWrite ETF during the first quarter valued at $272,000. Finally, Banque Cantonale Vaudoise bought a new stake in shares of iShares Russell 2000 BuyWrite ETF in the first quarter worth $27,000.
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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