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

iShares S&P 500 BuyWrite ETF (BATS:IVVW) was the target of a significant increase in short interest in 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. Approximately 0.8% of the company’s stock are sold short. Based on an average trading volume of 36,456 shares, the short-interest ratio is presently 0.8 days.

iShares S&P 500 BuyWrite ETF Stock Up 0.3%

Shares of BATS:IVVW opened at $45.34 on Friday. iShares S&P 500 BuyWrite ETF has a fifty-two week low of $42.50 and a fifty-two week high of $47.25. The firm’s 50 day moving average price is $44.46 and its 200 day moving average price is $44.54. The stock has a market cap of $177.73 million, a price-to-earnings ratio of 25.38 and a beta of 0.60.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Commonwealth Equity Services LLC grew its position in shares of iShares S&P 500 BuyWrite ETF by 3.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 42,557 shares of the company’s stock worth $1,938,000 after acquiring an additional 1,582 shares during the last quarter. Assetmark Inc. raised its position in iShares S&P 500 BuyWrite ETF by 3.1% in the 1st 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. Retirement Planning Group LLC raised its position in 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 purchasing an additional 3,778 shares during the last quarter. Susquehanna International Group LLP boosted 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 worth $797,000 after purchasing an additional 4,926 shares during the period. Finally, Osaic Holdings Inc. boosted its stake in iShares S&P 500 BuyWrite ETF by 4.9% during the 4th 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.

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.