iShares Russell 2000 BuyWrite ETF (NYSEARCA:IWMW) Shares Up 0.4% – Time to Buy?

iShares Russell 2000 BuyWrite ETF (NYSEARCA:IWMW) shares rose 0.4% during mid-day trading on Thursday . The stock traded as high as $40.15 and last traded at $40.09. Approximately 9,895 shares were traded during trading, a decline of 62% from the average daily volume of 25,728 shares. The stock had previously closed at $39.93.

iShares Russell 2000 BuyWrite ETF Price Performance

The company has a market cap of $40.89 million, a P/E ratio of 15.60 and a beta of 0.93. The stock has a 50-day moving average of $39.39 and a 200 day moving average of $39.82.

Hedge Funds Weigh In On iShares Russell 2000 BuyWrite ETF

A hedge fund recently bought a new stake in iShares Russell 2000 BuyWrite ETF stock. Osaic Holdings Inc. purchased a new position in shares of iShares Russell 2000 BuyWrite ETF (NYSEARCA:IWMW) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 789 shares of the company’s stock, valued at approximately $31,000. Osaic Holdings Inc. owned 0.13% of iShares Russell 2000 BuyWrite ETF at the end of the most recent quarter.

About iShares Russell 2000 BuyWrite ETF

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.