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

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

iShares 20+ Year Treasury Bond BuyWrite Strategy ETF Stock Performance

Shares of BATS TLTW opened at $22.25 on Monday. iShares 20+ Year Treasury Bond BuyWrite Strategy ETF has a 52 week low of $21.56 and a 52 week high of $24.08. The business has a 50-day simple moving average of $22.33 and a two-hundred day simple moving average of $22.76.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. bought a new position in iShares 20+ Year Treasury Bond BuyWrite Strategy ETF in the 4th quarter worth about $54,000. IFP Advisors Inc bought a new position in iShares 20+ Year Treasury Bond BuyWrite Strategy ETF in the 3rd quarter worth about $89,000. JPMorgan Chase & Co. boosted its stake 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 worth $93,000 after purchasing an additional 939 shares during the period. Private Wealth Asset Management LLC bought a new position in iShares 20+ Year Treasury Bond BuyWrite Strategy ETF in the 4th quarter worth about $113,000. Finally, Cullen Frost Bankers Inc. boosted its stake 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 worth $200,000 after purchasing an additional 2,454 shares during the period.

About iShares 20+ Year Treasury Bond BuyWrite Strategy ETF

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.