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

iShares S&P 500 BuyWrite ETF (BATS:IVVW) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 30,449 shares, an increase of 264.7% from the July 15th total of 8,349 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average trading volume of 36,456 shares, the short-interest ratio is currently 0.8 days.

Institutional Trading of iShares S&P 500 BuyWrite ETF

Hedge funds have recently made changes to their positions in the company. Cetera Investment Advisers grew its stake in shares of iShares S&P 500 BuyWrite ETF by 35.1% during the 1st quarter. Cetera Investment Advisers now owns 116,679 shares of the company’s stock worth $5,094,000 after acquiring an additional 30,330 shares during the period. Assetmark Inc. lifted its holdings in iShares S&P 500 BuyWrite ETF by 3.1% during the first quarter. Assetmark Inc. now owns 92,341 shares of the company’s stock valued at $4,032,000 after purchasing an additional 2,761 shares during the last quarter. OLD Mission Capital LLC lifted its holdings in iShares S&P 500 BuyWrite ETF by 113.2% during the fourth quarter. OLD Mission Capital LLC now owns 20,065 shares of the company’s stock valued at $914,000 after purchasing an additional 10,653 shares during the last quarter. Osaic Holdings Inc. boosted its position in 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 purchasing an additional 5,132 shares during the period. Finally, Jane Street Group LLC bought a new position in iShares S&P 500 BuyWrite ETF during the fourth quarter worth about $442,000.

iShares S&P 500 BuyWrite ETF Trading Up 0.0%

Shares of IVVW stock traded up $0.02 during trading hours on Friday, hitting $45.24. 2,377 shares of the company were exchanged, compared to its average volume of 46,738. The stock has a market capitalization of $177.34 million, a price-to-earnings ratio of 25.38 and a beta of 0.60. The firm has a fifty day simple moving average of $44.42 and a 200 day simple moving average of $44.53. iShares S&P 500 BuyWrite ETF has a 52-week low of $42.50 and a 52-week high of $47.25.

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.