iShares S&P 500 BuyWrite ETF (BATS:IVVW) Short Interest Down 85.1% in July

iShares S&P 500 BuyWrite ETF (BATS:IVVW) was the recipient of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 8,349 shares, a decrease of 85.1% from the June 30th total of 56,140 shares. Based on an average daily trading volume, of 49,647 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the company’s shares are short sold.

iShares S&P 500 BuyWrite ETF Price Performance

IVVW opened at $44.23 on Friday. iShares S&P 500 BuyWrite ETF has a 12 month low of $42.50 and a 12 month high of $47.25. The business has a 50-day moving average of $44.35 and a two-hundred day moving average of $44.62. The stock has a market capitalization of $173.38 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 modified their holdings of the stock. Osaic Holdings Inc. increased its position in iShares S&P 500 BuyWrite ETF by 596.2% during the second quarter. Osaic Holdings Inc. now owns 11,327 shares of the company’s stock worth $526,000 after purchasing an additional 9,700 shares during the last quarter. Susquehanna International Group LLP grew its stake in shares of iShares S&P 500 BuyWrite ETF by 40.4% during the 3rd quarter. Susquehanna International Group LLP now owns 17,108 shares of the company’s stock valued at $797,000 after buying an additional 4,926 shares during the period. Retirement Planning Group LLC increased its holdings in shares of iShares S&P 500 BuyWrite ETF by 10.0% during the 4th quarter. Retirement Planning Group LLC now owns 41,434 shares of the company’s stock worth $1,886,000 after buying an additional 3,778 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of iShares S&P 500 BuyWrite ETF by 3.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 42,557 shares of the company’s stock worth $1,938,000 after buying an additional 1,582 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of iShares S&P 500 BuyWrite ETF in the 4th quarter worth $442,000.

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.