Short Interest in iShares S&P 500 BuyWrite ETF (BATS:IVVW) Declines By 97.0%

iShares S&P 500 BuyWrite ETF (BATS:IVVW) was the recipient of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 900 shares, a decline of 97.0% from the July 30th total of 30,449 shares. Based on an average daily trading volume, of 50,037 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

iShares S&P 500 BuyWrite ETF Stock Up 0.2%

Shares of iShares S&P 500 BuyWrite ETF stock traded up $0.09 during midday trading on Tuesday, hitting $45.47. The company had a trading volume of 18,517 shares, compared to its average volume of 47,001. The company has a fifty day simple moving average of $44.63 and a 200 day simple moving average of $44.49. The stock has a market cap of $178.24 million, a price-to-earnings ratio of 25.38 and a beta of 0.60. iShares S&P 500 BuyWrite ETF has a 12-month low of $42.50 and a 12-month high of $47.25.

Hedge Funds Weigh In On iShares S&P 500 BuyWrite ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IVVW. Jane Street Group LLC purchased a new stake in iShares S&P 500 BuyWrite ETF in the fourth quarter valued at approximately $442,000. Osaic Holdings Inc. lifted its stake in iShares S&P 500 BuyWrite ETF by 596.2% during the 2nd quarter. Osaic Holdings Inc. now owns 11,327 shares of the company’s stock valued at $526,000 after acquiring an additional 9,700 shares during the period. Susquehanna International Group LLP lifted its stake in iShares S&P 500 BuyWrite ETF by 40.4% during 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. OLD Mission Capital LLC boosted its holdings in shares of iShares S&P 500 BuyWrite ETF by 113.2% in the 4th quarter. OLD Mission Capital LLC now owns 20,065 shares of the company’s stock valued at $914,000 after acquiring an additional 10,653 shares during the last quarter. Finally, Retirement Planning Group LLC boosted its holdings in shares of iShares S&P 500 BuyWrite ETF by 10.0% in 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 during the last quarter.

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.