iShares Russell 2000 BuyWrite ETF (BATS:IWMW) Short Interest Up 479.3% in June

iShares Russell 2000 BuyWrite ETF (BATS:IWMW) was the recipient of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 46,793 shares, an increase of 479.3% from the June 15th total of 8,078 shares. Based on an average daily volume of 19,999 shares, the short-interest ratio is presently 2.3 days. Currently, 7.5% of the shares of the company are sold short.

iShares Russell 2000 BuyWrite ETF Stock Performance

BATS IWMW traded down $0.04 during mid-day trading on Friday, reaching $39.43. 8,046 shares of the stock were exchanged, compared to its average volume of 15,057. The company has a market capitalization of $24.45 million, a P/E ratio of 15.60 and a beta of 1.03. The business’s 50 day moving average is $38.83 and its 200-day moving average is $38.69. iShares Russell 2000 BuyWrite ETF has a 1 year low of $36.21 and a 1 year high of $41.81.

Institutional Investors Weigh In On iShares Russell 2000 BuyWrite ETF

Several hedge funds have recently modified their holdings of the company. Banque Cantonale Vaudoise acquired a new stake in shares of iShares Russell 2000 BuyWrite ETF during the 1st quarter valued at about $27,000. Osaic Holdings Inc. acquired a new position in iShares Russell 2000 BuyWrite ETF in the 2nd quarter worth about $31,000. International Assets Investment Management LLC purchased a new position in iShares Russell 2000 BuyWrite ETF during the fourth quarter worth approximately $39,000. Jane Street Group LLC purchased a new position in iShares Russell 2000 BuyWrite ETF during the fourth quarter worth approximately $230,000. Finally, Janney Montgomery Scott LLC acquired a new stake in iShares Russell 2000 BuyWrite ETF in the first quarter valued at approximately $272,000.

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.