iShares Russell 2000 BuyWrite ETF (BATS:IWMW – Get Free Report) shares dropped 0.1% on Wednesday . The company traded as low as $37.55 and last traded at $37.80. Approximately 5,484 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 19,678 shares. The stock had previously closed at $37.83.
iShares Russell 2000 BuyWrite ETF Stock Down 0.4%
The firm has a fifty day simple moving average of $39.22 and a 200-day simple moving average of $39.79. The company has a market cap of $22.90 million, a PE ratio of 15.60 and a beta of 1.03.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in IWMW. Osaic Holdings Inc. purchased a new position in shares of iShares Russell 2000 BuyWrite ETF during the second quarter worth approximately $31,000. International Assets Investment Management LLC acquired a new position in shares of iShares Russell 2000 BuyWrite ETF in the 4th quarter valued at $39,000. Jane Street Group LLC purchased a new stake in iShares Russell 2000 BuyWrite ETF in the 4th quarter valued at $230,000. Finally, UMB Bank n.a. acquired a new stake in iShares Russell 2000 BuyWrite ETF during the 4th quarter worth $395,000.
iShares Russell 2000 BuyWrite ETF Company Profile
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.
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