Short Interest in iShares Russell 2000 BuyWrite ETF (BATS:IWMW) Expands By 479.3%

iShares Russell 2000 BuyWrite ETF (BATS:IWMW) was the target of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 46,793 shares, an increase of 479.3% from the June 15th total of 8,078 shares. Currently, 7.5% of the shares of the company are sold short. Based on an average daily trading volume, of 19,999 shares, the short-interest ratio is currently 2.3 days.

iShares Russell 2000 BuyWrite ETF Stock Down 0.1%

Shares of IWMW traded down $0.04 during trading hours on Friday, reaching $39.43. 8,046 shares of the company traded hands, compared to its average volume of 15,057. The stock has a market capitalization of $24.45 million, a P/E ratio of 15.60 and a beta of 1.03. iShares Russell 2000 BuyWrite ETF has a 12-month low of $36.21 and a 12-month high of $41.81. The business has a fifty day moving average price of $38.83 and a 200-day moving average price of $38.69.

Institutional Inflows and Outflows

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

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.