iShares S&P 500 BuyWrite ETF (BATS:IVVW – Get Free Report) was the target of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 18,994 shares, a drop of 44.7% from the April 15th total of 34,319 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 40,525 shares, the days-to-cover ratio is currently 0.5 days.
iShares S&P 500 BuyWrite ETF Price Performance
iShares S&P 500 BuyWrite ETF stock opened at $44.21 on Monday. The company has a market capitalization of $173.30 million, a PE ratio of 25.38 and a beta of 0.60. iShares S&P 500 BuyWrite ETF has a one year low of $42.50 and a one year high of $47.25. The business has a 50 day simple moving average of $44.07 and a 200 day simple moving average of $45.22.
Hedge Funds Weigh In On iShares S&P 500 BuyWrite ETF
Several hedge funds and other institutional investors have recently modified their holdings of IVVW. Retirement Planning Group LLC increased its position 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 purchasing an additional 3,778 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of iShares S&P 500 BuyWrite ETF during the 4th quarter worth about $442,000. Susquehanna International Group LLP grew its stake in iShares S&P 500 BuyWrite ETF by 40.4% during the third quarter. Susquehanna International Group LLP now owns 17,108 shares of the company’s stock worth $797,000 after buying an additional 4,926 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 fourth 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 in the last quarter. Finally, Osaic Holdings Inc. increased its holdings in shares of iShares S&P 500 BuyWrite ETF by 4.9% during the fourth quarter. Osaic Holdings Inc. now owns 109,436 shares of the company’s stock worth $4,984,000 after buying an additional 5,132 shares in the last quarter.
iShares S&P 500 BuyWrite ETF Company Profile
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.
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