Short Interest in iShares S&P 500 BuyWrite ETF (BATS:IVVW) Expands By 1,651.6%

iShares S&P 500 BuyWrite ETF (BATS:IVVW) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 15,764 shares, an increase of 1,651.6% from the August 15th total of 900 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average trading volume of 39,750 shares, the days-to-cover ratio is currently 0.4 days.

iShares S&P 500 BuyWrite ETF Price Performance

Shares of BATS:IVVW opened at $45.38 on Friday. The firm’s 50 day simple moving average is $44.96 and its 200 day simple moving average is $44.51. iShares S&P 500 BuyWrite ETF has a fifty-two week low of $42.50 and a fifty-two week high of $47.25. The company has a market capitalization of $177.89 million, a price-to-earnings ratio of 25.38 and a beta of 0.60.

Institutional Investors Weigh In On iShares S&P 500 BuyWrite ETF

Several hedge funds have recently bought and sold shares of IVVW. Bullseye Investment Management LLC acquired a new position in shares of iShares S&P 500 BuyWrite ETF in the 2nd quarter valued at $119,000. Jane Street Group LLC acquired a new stake in iShares S&P 500 BuyWrite ETF during the 4th quarter worth $442,000. Osaic Holdings Inc. raised its stake in 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 worth $526,000 after buying an additional 9,700 shares during the period. Susquehanna International Group LLP lifted its holdings in 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 worth $797,000 after acquiring an additional 4,926 shares in the last quarter. Finally, OLD Mission Capital LLC lifted its holdings in iShares S&P 500 BuyWrite ETF by 113.2% during the fourth quarter. OLD Mission Capital LLC now owns 20,065 shares of the company’s stock worth $914,000 after acquiring an additional 10,653 shares in the last quarter.

iShares S&P 500 BuyWrite ETF Company Profile

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.