iShares Russell 2000 BuyWrite ETF (BATS:IWMW – Get Free Report) was the target 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. Currently, 6.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 11,020 shares, the days-to-cover ratio is currently 3.5 days.
iShares Russell 2000 BuyWrite ETF Trading Up 0.3%
Shares of IWMW opened at $40.32 on Friday. iShares Russell 2000 BuyWrite ETF has a 12-month low of $36.21 and a 12-month high of $41.81. The stock has a market cap of $25.00 million, a P/E ratio of 15.60 and a beta of 1.03. The company has a 50-day moving average of $39.44 and a two-hundred day moving average of $38.72.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of IWMW. Janney Montgomery Scott LLC acquired a new stake in iShares Russell 2000 BuyWrite ETF during the 1st quarter valued at $272,000. UMB Bank n.a. acquired a new position in shares of iShares Russell 2000 BuyWrite ETF in the fourth quarter worth $395,000. Jane Street Group LLC acquired a new position in shares of iShares Russell 2000 BuyWrite ETF in the fourth quarter worth $230,000. Osaic Holdings Inc. purchased a new stake in shares of iShares Russell 2000 BuyWrite ETF in the second quarter valued at $31,000. Finally, Banque Cantonale Vaudoise purchased a new stake in shares of iShares Russell 2000 BuyWrite ETF in the first quarter valued at $27,000.
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.
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