Short Interest in iShares S&P 500 BuyWrite ETF (BATS:IVVW) Expands By 1,651.6%

iShares S&P 500 BuyWrite ETF (BATS:IVVW) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 15,764 shares, an increase of 1,651.6% from the August 15th total of 900 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily volume of 39,750 shares, the short-interest ratio is currently 0.4 days.

iShares S&P 500 BuyWrite ETF Stock Down 0.5%

IVVW traded down $0.23 on Thursday, reaching $44.99. 49,503 shares of the company traded hands, compared to its average volume of 47,328. iShares S&P 500 BuyWrite ETF has a one year low of $42.50 and a one year high of $47.25. The firm has a fifty day simple moving average of $44.92 and a two-hundred day simple moving average of $44.51. The company has a market cap of $176.36 million, a P/E ratio of 25.38 and a beta of 0.60.

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

A number of institutional investors have recently modified their holdings of IVVW. Cetera Investment Advisers lifted its holdings in shares of iShares S&P 500 BuyWrite ETF by 35.1% in the 1st quarter. Cetera Investment Advisers now owns 116,679 shares of the company’s stock worth $5,094,000 after buying an additional 30,330 shares during the period. OLD Mission Capital LLC raised its holdings in shares of iShares S&P 500 BuyWrite ETF by 113.2% in the fourth 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 in the last quarter. Osaic Holdings Inc. raised its holdings in shares of iShares S&P 500 BuyWrite ETF by 596.2% in the second 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 in the last quarter. Jane Street Group LLC purchased a new stake in iShares S&P 500 BuyWrite ETF in the fourth quarter worth about $442,000. Finally, Susquehanna International Group LLP lifted its stake in iShares S&P 500 BuyWrite ETF by 40.4% in the third quarter. Susquehanna International Group LLP now owns 17,108 shares of the company’s stock worth $797,000 after acquiring an additional 4,926 shares during the period.

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.