iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (BATS:TLTW) Sees Large Drop in Short Interest

iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (BATS:TLTW) saw a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 502,715 shares, a decline of 54.7% from the April 30th total of 1,109,472 shares. Currently, 1.0% of the company’s shares are short sold. Based on an average daily trading volume, of 2,043,912 shares, the short-interest ratio is presently 0.2 days.

iShares 20+ Year Treasury Bond BuyWrite Strategy ETF Price Performance

BATS TLTW opened at $22.25 on Friday. The stock’s fifty day moving average is $22.33 and its two-hundred day moving average is $22.76. iShares 20+ Year Treasury Bond BuyWrite Strategy ETF has a fifty-two week low of $21.56 and a fifty-two week high of $24.08.

Hedge Funds Weigh In On iShares 20+ Year Treasury Bond BuyWrite Strategy ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TLTW. PNC Financial Services Group Inc. acquired a new position in iShares 20+ Year Treasury Bond BuyWrite Strategy ETF in the 4th quarter valued at about $54,000. IFP Advisors Inc acquired a new position in iShares 20+ Year Treasury Bond BuyWrite Strategy ETF in the 3rd quarter valued at about $89,000. JPMorgan Chase & Co. boosted its holdings in iShares 20+ Year Treasury Bond BuyWrite Strategy ETF by 30.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,997 shares of the company’s stock valued at $93,000 after purchasing an additional 939 shares during the last quarter. Private Wealth Asset Management LLC acquired a new position in iShares 20+ Year Treasury Bond BuyWrite Strategy ETF in the 4th quarter valued at about $113,000. Finally, Cullen Frost Bankers Inc. boosted its holdings in iShares 20+ Year Treasury Bond BuyWrite Strategy ETF by 38.6% in the 4th quarter. Cullen Frost Bankers Inc. now owns 8,805 shares of the company’s stock valued at $200,000 after purchasing an additional 2,454 shares during the last quarter.

iShares 20+ Year Treasury Bond BuyWrite Strategy ETF Company Profile

The iShares 20+ Year Treasury Bond Buywrite Strategy ETF (TLTW) is an exchange-traded fund that is based on the CBOE TLT 2% OTM Buywrite index. The fund uses a fund-of-fund approach to passively track an index that measures the performance of holding shares of the iShares 20+ Year Treasury Bond ETF and writes one-month, out-of-the-money call options against the shares. TLTW was launched on Aug 18, 2022 and is managed by BlackRock.