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

iShares S&P 500 BuyWrite ETF (BATS:IVVW) was the recipient of a significant growth in short interest in 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 daily volume of 71,015 shares, the days-to-cover ratio is currently 0.6 days. Currently, 1.1% of the shares of the stock are sold short.

iShares S&P 500 BuyWrite ETF Stock Performance

BATS IVVW opened at $44.61 on Thursday. The business has a fifty day moving average price of $44.37 and a 200 day moving average price of $44.76. The company has a market cap of $174.87 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.

Institutional Investors Weigh In On iShares S&P 500 BuyWrite ETF

Hedge funds have recently modified their holdings of the business. Cetera Investment Advisers grew its stake in iShares S&P 500 BuyWrite ETF by 35.1% during the 1st quarter. Cetera Investment Advisers now owns 116,679 shares of the company’s stock valued at $5,094,000 after acquiring an additional 30,330 shares in the last quarter. Assetmark Inc. lifted its stake 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 worth $4,032,000 after purchasing an additional 2,761 shares in the last quarter. OLD Mission Capital LLC boosted its holdings in shares of iShares S&P 500 BuyWrite ETF by 113.2% during the 4th quarter. OLD Mission Capital LLC now owns 20,065 shares of the company’s stock worth $914,000 after purchasing an additional 10,653 shares during the last quarter. Osaic Holdings Inc. grew its position in shares of iShares S&P 500 BuyWrite ETF by 4.9% in the fourth quarter. Osaic Holdings Inc. now owns 109,436 shares of the company’s stock valued at $4,984,000 after purchasing an additional 5,132 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of iShares S&P 500 BuyWrite ETF in the fourth quarter valued at approximately $442,000.

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.