iShares S&P 500 BuyWrite ETF (BATS:IVVW) Short Interest Up 117.5% in June

iShares S&P 500 BuyWrite ETF (BATS:IVVW) saw a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 44,054 shares, a growth of 117.5% from the May 31st total of 20,255 shares. Based on an average trading volume of 71,015 shares, the short-interest ratio is presently 0.6 days. Approximately 1.1% of the shares of the stock are short sold.

iShares S&P 500 BuyWrite ETF Price Performance

Shares of IVVW opened at $44.60 on Wednesday. The company has a market capitalization of $174.83 million, a P/E ratio of 25.38 and a beta of 0.60. iShares S&P 500 BuyWrite ETF has a one year low of $42.50 and a one year high of $47.25. The business’s 50 day simple moving average is $44.36 and its 200-day simple moving average is $44.76.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Cetera Investment Advisers grew its holdings in shares of iShares S&P 500 BuyWrite ETF by 35.1% during the first quarter. Cetera Investment Advisers now owns 116,679 shares of the company’s stock worth $5,094,000 after purchasing an additional 30,330 shares during the last quarter. 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 buying an additional 10,653 shares during 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 buying an additional 9,700 shares during the last quarter. Jane Street Group LLC acquired a new position in iShares S&P 500 BuyWrite ETF during the 4th quarter worth about $442,000. Finally, Susquehanna International Group LLP lifted its position 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 worth $797,000 after buying an additional 4,926 shares in the last quarter.

iShares S&P 500 BuyWrite ETF Company Profile

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.