iShares Russell 2000 BuyWrite ETF (BATS:IWMW) Short Interest Down 59.6% in May

iShares Russell 2000 BuyWrite ETF (BATS:IWMW) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 4,165 shares, a drop of 59.6% from the April 30th total of 10,303 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average daily volume of 14,079 shares, the days-to-cover ratio is presently 0.3 days.

iShares Russell 2000 BuyWrite ETF Stock Down 0.0%

IWMW opened at $39.12 on Tuesday. The stock has a market cap of $24.25 million, a PE ratio of 15.60 and a beta of 1.03. The business has a 50 day moving average of $37.96 and a 200-day moving average of $38.74. iShares Russell 2000 BuyWrite ETF has a 52 week low of $36.21 and a 52 week high of $41.81.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Banque Cantonale Vaudoise purchased a new position in shares of iShares Russell 2000 BuyWrite ETF in the 1st quarter valued at approximately $27,000. Osaic Holdings Inc. purchased a new stake in shares of iShares Russell 2000 BuyWrite ETF in the 2nd quarter worth approximately $31,000. International Assets Investment Management LLC purchased a new stake in shares of iShares Russell 2000 BuyWrite ETF in the 4th quarter worth approximately $39,000. Jane Street Group LLC purchased a new stake in shares of iShares Russell 2000 BuyWrite ETF in the 4th quarter worth approximately $230,000. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of iShares Russell 2000 BuyWrite ETF in the 1st quarter worth approximately $272,000.

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.