iShares Russell 2000 BuyWrite ETF (BATS:IWMW – Get Free Report) saw a large drop in short interest in July. As of July 15th, there was short interest totaling 15,277 shares, a drop of 67.4% from the June 30th total of 46,793 shares. Approximately 2.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 12,147 shares, the short-interest ratio is presently 1.3 days.
iShares Russell 2000 BuyWrite ETF Price Performance
BATS:IWMW opened at $39.29 on Friday. The company has a market capitalization of $24.36 million, a price-to-earnings ratio of 15.60 and a beta of 1.03. The business has a 50 day moving average of $39.06 and a 200 day moving average of $38.71. 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
A number of hedge funds have recently made changes to their positions in IWMW. Janney Montgomery Scott LLC bought a new position in shares of iShares Russell 2000 BuyWrite ETF during the 1st quarter valued at $272,000. Banque Cantonale Vaudoise purchased a new position in iShares Russell 2000 BuyWrite ETF in the 1st quarter worth $27,000. UMB Bank n.a. bought a new stake in iShares Russell 2000 BuyWrite ETF in the fourth quarter worth $395,000. Jane Street Group LLC bought a new stake in iShares Russell 2000 BuyWrite ETF in the fourth quarter worth $230,000. Finally, International Assets Investment Management LLC purchased a new stake in iShares Russell 2000 BuyWrite ETF during the fourth quarter valued at about $39,000.
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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