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

iShares Russell 2000 BuyWrite ETF (BATS:IWMW) was the recipient of a significant increase in short interest in 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. Based on an average daily volume of 19,999 shares, the short-interest ratio is presently 2.3 days. Approximately 7.5% of the company’s stock are sold short.

Institutional Trading of iShares Russell 2000 BuyWrite ETF

Several institutional investors and hedge funds have recently modified their holdings of IWMW. Banque Cantonale Vaudoise bought a new position in iShares Russell 2000 BuyWrite ETF during the 1st quarter valued at $27,000. Janney Montgomery Scott LLC purchased a new position in shares of iShares Russell 2000 BuyWrite ETF in the 1st quarter worth about $272,000. Jane Street Group LLC bought a new position in iShares Russell 2000 BuyWrite ETF during the fourth quarter valued at about $230,000. UMB Bank n.a. purchased a new stake in iShares Russell 2000 BuyWrite ETF during the fourth quarter worth about $395,000. Finally, Osaic Holdings Inc. bought a new stake in iShares Russell 2000 BuyWrite ETF in the second quarter worth about $31,000.

iShares Russell 2000 BuyWrite ETF Stock Performance

IWMW stock opened at $39.43 on Monday. The company has a market cap of $24.45 million, a P/E ratio of 15.60 and a beta of 1.03. iShares Russell 2000 BuyWrite ETF has a fifty-two week low of $36.21 and a fifty-two week high of $41.81. The stock’s 50 day simple moving average is $38.83 and its 200 day simple moving average is $38.69.

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.