iShares Russell 2000 BuyWrite ETF (BATS:IWMW – Get Free Report) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 54,540 shares, a growth of 62.9% from the August 15th total of 33,487 shares. Based on an average daily volume of 21,015 shares, the short-interest ratio is presently 2.6 days. Currently, 8.8% of the company’s stock are sold short.
iShares Russell 2000 BuyWrite ETF Stock Performance
BATS:IWMW opened at $38.11 on Thursday. The company has a market capitalization of $23.63 million, a price-to-earnings ratio of 15.60 and a beta of 1.03. iShares Russell 2000 BuyWrite ETF has a one year low of $36.21 and a one year high of $41.81. The stock has a 50-day simple moving average of $39.57 and a 200 day simple moving average of $38.73.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in iShares Russell 2000 BuyWrite ETF stock. Janney Montgomery Scott LLC purchased a new stake in iShares Russell 2000 BuyWrite ETF (BATS:IWMW – Free Report) in the first quarter, according to its most recent filing with the SEC. The fund purchased 7,286 shares of the company’s stock, valued at approximately $272,000. Janney Montgomery Scott LLC owned about 1.18% of iShares Russell 2000 BuyWrite ETF at the end of the most recent quarter.
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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