iShares Russell 2000 BuyWrite ETF (BATS:IWMW) Shares Shorted: Short Interest Up 1,053.2% in October

iShares Russell 2000 BuyWrite ETF (BATS:IWMW) was the recipient of a significant growth in short interest in October. As of October 30th, there was short interest totaling 3,771 shares, a growth of 1,053.2% from the October 15th total of 327 shares. Based on an average daily volume of 7,881 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.3% of the company’s shares are sold short.

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) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,286 shares of the company’s stock, valued at approximately $272,000. Janney Montgomery Scott LLC owned 1.18% of iShares Russell 2000 BuyWrite ETF at the end of the most recent quarter.

iShares Russell 2000 BuyWrite ETF Price Performance

BATS IWMW traded down $0.08 during trading hours on Tuesday, reaching $37.29. The company’s stock had a trading volume of 7,856 shares, compared to its average volume of 14,388. The firm has a fifty day simple moving average of $37.79 and a 200-day simple moving average of $38.57. The stock has a market cap of $55.19 million, a P/E ratio of 16.85 and a beta of 0.74. iShares Russell 2000 BuyWrite ETF has a 52 week low of $36.16 and a 52 week high of $40.73.

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.