iShares S&P 500 BuyWrite ETF (BATS:IVVW) Sees Significant Decrease in Short Interest

iShares S&P 500 BuyWrite ETF (BATS:IVVW) was the target of a large decline in short interest in July. As of July 15th, there was short interest totaling 8,349 shares, a decline of 85.1% from the June 30th total of 56,140 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 49,647 shares, the short-interest ratio is presently 0.2 days.

iShares S&P 500 BuyWrite ETF Stock Performance

Shares of BATS:IVVW opened at $44.23 on Friday. iShares S&P 500 BuyWrite ETF has a 1 year low of $42.50 and a 1 year high of $47.25. The stock has a market capitalization of $173.38 million, a P/E ratio of 25.38 and a beta of 0.60. The stock has a 50-day simple moving average of $44.35 and a 200-day simple moving average of $44.62.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of IVVW. Osaic Holdings Inc. grew its stake in iShares S&P 500 BuyWrite ETF by 596.2% during the second quarter. Osaic Holdings Inc. now owns 11,327 shares of the company’s stock worth $526,000 after buying an additional 9,700 shares during the period. Susquehanna International Group LLP raised its stake in shares of iShares S&P 500 BuyWrite ETF by 40.4% in the 3rd quarter. Susquehanna International Group LLP now owns 17,108 shares of the company’s stock valued at $797,000 after acquiring an additional 4,926 shares during the period. Retirement Planning Group LLC lifted its holdings 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 valued at $1,886,000 after acquiring an additional 3,778 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of iShares S&P 500 BuyWrite ETF by 3.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 42,557 shares of the company’s stock valued at $1,938,000 after acquiring an additional 1,582 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in iShares S&P 500 BuyWrite ETF during the 4th quarter worth $442,000.

About iShares S&P 500 BuyWrite ETF

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.