iShares Russell 2000 BuyWrite ETF (IWMW)Derivative Income | Exchange Traded Fund | Cboe US
39.87 USD
-0.39
(-0.969%) ⇩
(Aug. 28, 2026, 3:59 p.m.
EDT)
|
Hot Take ↕ | Aug. 22, 2026, 5:54 a.m. EDT
The iShares Russell 2000 BuyWrite ETF presents a classic case of high income masking structural stagnation. While the 9.38% dividend yield is attractive, it is largely a function of the fund's hedging strategy and low share price appreciation, not organic business growth. The underlying asset has suffered a 12.30% decline over the last year, with no positive annual returns recorded in the available history. This multi-year downward trajectory suggests the market views the underlying small-cap exposure as deteriorating or overvalued, rendering the high yield a compensation for capital loss rather than a sign of a 'value trap' with hidden strength. Technically, the stock is trading near its 52-week highs relative to the low, yet the momentum is flat, and the statistical forecast offers no directional edge. For investors seeking capital preservation, the lack of price appreciation combined with the recent annual decline makes this a neutral hold; for income seekers, the yield is robust but comes with the caveat that the principal has already eroded significantly. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 0.007563 |
| AutoETS | 0.007640 |
| MSTL | 0.007853 |
| AutoTheta | 0.007907 |
Forecast horizon: 45 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 59% |
| H-stat | 1.72 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.326 |
| Excess Kurtosis | -1.09 |
| Attribute | Value |
|---|---|
| Trailing P/E | 18.26 |
As of Aug. 22, 2026, 5:54 a.m. EDT: Speculator positioning is extremely thin across both calls and puts, indicating a lack of directional conviction. Put volume is concentrated in out-of-the-money strikes near the 35-37 range, suggesting a minor hedge against further downside, while call activity is negligible. Implied volatility remains elevated relative to the flat price action, reflecting uncertainty rather than a specific trade setup.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 1.40% | 20.66% | — | — |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-08-04 | 0.556 | 1.398039 |
| 2026-07-02 | 0.625 | 1.587906 |
| 2026-06-02 | 0.783 | 2.036411 |
| 2026-05-04 | 0.616 | 1.623231 |
| 2026-04-02 | 0.747 | 2.020284 |
| 2026-03-03 | 0.693 | 1.800468 |
| 2026-02-03 | 0.722 | 1.854611 |
| 2025-12-23 | 0.686 | 1.751788 |
| 2025-12-02 | 0.561 | 1.433573 |
| 2025-11-04 | 0.705 | 1.764883 |
| 2025-10-02 | 0.817 | 2.030369 |
| 2025-09-03 | 0.541 | 1.359501 |
| 2025-08-04 | 0.854 | 2.230347 |
| 2025-07-02 | 0.856 | 2.191500 |
| 2025-06-03 | 0.643 | 1.679465 |
| 2025-05-02 | 0.716 | 1.868476 |
| 2025-04-02 | 0.632 | 1.560340 |
| 2025-03-04 | 0.376 | 0.906264 |
| 2025-02-04 | 0.741 | 1.647692 |
| 2024-12-20 | 1.413 | 3.225733 |
| 2024-12-03 | 0.640 | 1.337681 |
| 2024-11-04 | 0.842 | 1.881102 |
| 2024-10-02 | 0.922 | 2.057026 |
| 2024-09-04 | 0.933 | 2.062425 |
| 2024-08-02 | 0.523 | 1.160520 |
| 2024-07-02 | 0.633 | 1.373907 |
| 2024-06-04 | 0.505 | 1.087870 |
| 2024-05-02 | 0.776 | 1.643615 |
| 2024-04-02 | 0.622 | 1.261228 |
| Attribute | Value |
|---|---|
| All Time High | 52.72 |
| All Time Low | 34.29 |
| Ask | 0.0 |
| Ask Size | 300 |
| Average Daily Volume10 Day | 21,180 |
| Average Daily Volume3 Month | 15,393 |
| Average Volume | 15,393 |
| Average Volume10Days | 21,180 |
| Beta3 Year | 0.0 |
| Bid | 0.0 |
| Bid Size | 400 |
| Category | Derivative Income |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 40.26 |
| Day Low | 39.8301 |
| Dividend Yield | 9.38 |
| Eps Trailing Twelve Months | 2.183356 |
| Esg Populated | 0 |
| Exchange | BTS |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 39.72512 |
| Fifty Day Average Change | 0.14487839 |
| Fifty Day Average Change Percent | 0.003647022 |
| Fifty Two Week Change Percent | -1.1797965 |
| Fifty Two Week High | 41.81 |
| Fifty Two Week High Change | -1.9400024 |
| Fifty Two Week High Change Percent | -0.04640044 |
| Fifty Two Week Low | 36.21 |
| Fifty Two Week Low Change | 3.6599998 |
| Fifty Two Week Low Change Percent | 0.10107705 |
| Fifty Two Week Range | 36.21 - 41.81 |
| First Trade Date Milliseconds | 1,710,509,400,000 |
| Full Exchange Name | Cboe US |
| Fullday Change | -0.389999 |
| Fullday Change Percent | -0.968702 |
| Fund Family | iShares |
| Fund Inception Date | 1,710,374,400 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The index is designed to measure the performance of a strategy of holding the iShares Russell 2000 ETF while writing (selling) one-month call options primarily on the Russell 2000 Index to generate income. The fund seeks to achieve its investment objective by investing a substantial portion of its assets in the underlying fund and options on the option index. |
| Long Name | iShares Russell 2000 BuyWrite ETF |
| Market | us_market |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_1861769189 |
| Nav Price | 40.21869 |
| Net Assets | 57,602,096.0 |
| Net Expense Ratio | 0.39 |
| Open | 40.13 |
| Phone | 415-670-2000 |
| Previous Close | 40.26 |
| Price Hint | 2 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.389999 |
| Regular Market Change Percent | -0.968702 |
| Regular Market Day High | 40.26 |
| Regular Market Day Low | 39.8301 |
| Regular Market Day Range | 39.8301 - 40.26 |
| Regular Market Open | 40.13 |
| Regular Market Previous Close | 40.26 |
| Regular Market Price | 39.87 |
| Regular Market Time | 1,787,947,185 |
| Regular Market Volume | 16,349 |
| Short Name | iShares Russell 2000 BuyWrite E |
| Source Interval | 15 |
| Symbol | IWMW |
| Total Assets | 57,602,096 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing P E | 18.260878 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 7.91554 |
| Trailing Three Month Returns | 7.91554 |
| Triggerable | 1 |
| Two Hundred Day Average | 38.963486 |
| Two Hundred Day Average Change | 0.9065132 |
| Two Hundred Day Average Change Percent | 0.023265712 |
| Type Disp | ETF |
| Volume | 16,349 |
| Yield | 0.0938 |
| Ytd Return | 13.59434 |