iShares Russell 2000 BuyWrite ETF (NYSEARCA:IWMW) Trading Up 2% – Still a Buy?

iShares Russell 2000 BuyWrite ETF (NYSEARCA:IWMWGet Free Report) shares rose 2% during mid-day trading on Tuesday . The stock traded as high as $37.60 and last traded at $37.60. Approximately 1,303 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 4,293 shares. The stock had previously closed at $36.87.

iShares Russell 2000 BuyWrite ETF Stock Up 2.0 %

The stock has a market capitalization of $21.06 million, a price-to-earnings ratio of 14.75 and a beta of 0.88. The company has a 50 day simple moving average of $40.49 and a 200-day simple moving average of $44.02.

About iShares Russell 2000 BuyWrite ETF

(Get Free Report)

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.

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