Short Interest in iShares Russell 2000 BuyWrite ETF (BATS:IWMW) Expands By 149.8%

iShares Russell 2000 BuyWrite ETF (BATS:IWMW) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 38,163 shares, a growth of 149.8% from the July 15th total of 15,277 shares. Approximately 6.2% of the shares of the company are sold short. Based on an average daily trading volume, of 11,020 shares, the days-to-cover ratio is presently 3.5 days.

iShares Russell 2000 BuyWrite ETF Stock Up 0.1%

BATS:IWMW opened at $40.19 on Friday. The company has a market cap of $24.92 million, a P/E ratio of 15.60 and a beta of 1.03. The firm’s 50 day moving average is $39.39 and its two-hundred day moving average is $38.71. iShares Russell 2000 BuyWrite ETF has a fifty-two week low of $36.21 and a fifty-two week high of $41.81.

Institutional Investors Weigh In On iShares Russell 2000 BuyWrite ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Banque Cantonale Vaudoise purchased a new stake in iShares Russell 2000 BuyWrite ETF during the 1st quarter worth $27,000. Osaic Holdings Inc. purchased a new position in iShares Russell 2000 BuyWrite ETF in the 2nd quarter valued at about $31,000. International Assets Investment Management LLC purchased a new position in iShares Russell 2000 BuyWrite ETF in the 4th quarter valued at about $39,000. Jane Street Group LLC acquired a new stake in shares of iShares Russell 2000 BuyWrite ETF during the fourth quarter valued at about $230,000. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of iShares Russell 2000 BuyWrite ETF during the first quarter valued at about $272,000.

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.