iShares Russell 2000 BuyWrite ETF (BATS:IWMW – Get Free Report) was the recipient of a significant drop in short interest in October. As of October 15th, there was short interest totaling 327 shares, a drop of 75.6% from the September 30th total of 1,339 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 11,250 shares, the days-to-cover ratio is presently 0.0 days.
iShares Russell 2000 BuyWrite ETF Stock Up 0.8%
BATS:IWMW opened at $37.44 on Wednesday. The firm has a market capitalization of $23.21 million, a price-to-earnings ratio of 15.60 and a beta of 1.03. iShares Russell 2000 BuyWrite ETF has a twelve month low of $36.21 and a twelve month high of $41.67. The stock’s 50 day moving average price is $38.31 and its two-hundred day moving average price is $38.69.
Hedge Funds Weigh In On iShares Russell 2000 BuyWrite ETF
Several hedge funds and other institutional investors have recently made changes to their positions in IWMW. Banque Cantonale Vaudoise bought a new position in shares of iShares Russell 2000 BuyWrite ETF in the first quarter valued at $27,000. Janney Montgomery Scott LLC acquired a new position in iShares Russell 2000 BuyWrite ETF during the first quarter worth $272,000. Finally, Tactive Advisors LLC acquired a new position in iShares Russell 2000 BuyWrite ETF during the third quarter worth $984,000.
About iShares Russell 2000 BuyWrite ETF
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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