iShares S&P 500 BuyWrite ETF (BATS:IVVW) Sees Significant Growth in Short Interest

iShares S&P 500 BuyWrite ETF (BATS:IVVW) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 44,054 shares, a growth of 117.5% from the May 31st total of 20,255 shares. Based on an average daily volume of 71,015 shares, the days-to-cover ratio is presently 0.6 days. Approximately 1.1% of the shares of the stock are sold short.

iShares S&P 500 BuyWrite ETF Price Performance

Shares of IVVW opened at $44.36 on Tuesday. The firm has a market cap of $173.89 million, a P/E ratio of 25.38 and a beta of 0.60. iShares S&P 500 BuyWrite ETF has a 1 year low of $42.50 and a 1 year high of $47.25. The company has a 50 day simple moving average of $44.36 and a two-hundred day simple moving average of $44.77.

Hedge Funds Weigh In On iShares S&P 500 BuyWrite ETF

Several institutional investors have recently bought and sold shares of IVVW. Cetera Investment Advisers increased its holdings in iShares S&P 500 BuyWrite ETF by 35.1% in the 1st quarter. Cetera Investment Advisers now owns 116,679 shares of the company’s stock valued at $5,094,000 after acquiring an additional 30,330 shares during the last quarter. OLD Mission Capital LLC boosted its holdings in shares of iShares S&P 500 BuyWrite ETF by 113.2% during the 4th quarter. OLD Mission Capital LLC now owns 20,065 shares of the company’s stock valued at $914,000 after purchasing an additional 10,653 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in shares of iShares S&P 500 BuyWrite ETF by 596.2% during the 2nd quarter. Osaic Holdings Inc. now owns 11,327 shares of the company’s stock valued at $526,000 after purchasing an additional 9,700 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of iShares S&P 500 BuyWrite ETF during the fourth quarter valued at about $442,000. Finally, Susquehanna International Group LLP grew its position in shares of iShares S&P 500 BuyWrite ETF by 40.4% during the third quarter. Susquehanna International Group LLP now owns 17,108 shares of the company’s stock valued at $797,000 after purchasing an additional 4,926 shares in the last quarter.

About iShares S&P 500 BuyWrite ETF

The iShares S&P 500 BuyWrite ETF (IVVW) is an exchange-traded fund that mostly invests in large cap equity. The fund is passively managed, aiming to participate in the price movement of US large-cap stocks, up to a certain cap, while also providing enhanced monthly income through a covered call option writing strategy. The fund-of-fund holds shares of the iShares Core S&P 500 ETF (IVV) while simultaneously writing one-month call options. IVVW was launched on Mar 14, 2024 and is issued by BlackRock.