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iShares Russell 2000 BuyWrite ETF (IWMW)

Derivative Income | Exchange Traded Fund | Cboe US
36.47 USD -0.34 (-0.924%) ⇩ (Oct. 16, 2026, 1:04 p.m. EDT)

Short-term:★★☆☆☆Long-term:★★☆☆☆Dividends:★★★☆☆
Hot Take ↕ | Oct. 10, 2026, 2:08 a.m. EDT

The iShares Russell 2000 BuyWrite ETF presents a classic defensive income play with significant capital drag. The 7.27% dividend yield is the primary attraction, offering substantial cash flow in a volatile environment, though it comes with a heavy cost of carry given the strategy's capped upside. Fundamentally, the asset is under pressure; it is trading significantly below its 50-day and 200-day moving averages, reflecting a broader weakness in the small-cap segment it tracks. The price trajectory confirms this struggle, having lost over 11% year-to-date, which suggests the market is currently pricing in continued headwinds for the Russell 2000. While the yield provides a floor, the underlying equity exposure is deteriorating, making this a hold for income seekers rather than a vehicle for capital appreciation.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.016698
AutoETS0.018069
AutoARIMA0.018097
MSTL0.018263

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 58%
H-stat 5.63
Ljung-Box p 0.000
Jarque-Bera p 0.108
Excess Kurtosis -1.34
Attribute Value
Trailing P/E 15.80

As of Oct. 10, 2026, 2:08 a.m. EDT: Speculator positioning is sparse and non-directional. Call volume is negligible, while put activity is concentrated in short-dated strikes just below the current price, suggesting minor hedging rather than a bearish bet. The lack of significant open interest or volume at key strikes indicates a lack of strong conviction from either side.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
1.57% 19.44% — —
Dividend History
Date Dividend Yield %
2026-10-02 0.590 1.567065
2026-09-02 0.236 0.599898
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
Additional Data
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
dividendYield 7.27

Info Dump

Attribute Value
All Time High 52.72
All Time Low 34.29
Ask 36.42
Ask Size 400
Average Daily Volume10 Day 11,510
Average Daily Volume3 Month 15,096
Average Volume 15,096
Average Volume10Days 11,510
Beta3 Year 0.0
Bid 36.35
Bid Size 200
Category Derivative Income
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 36.93
Day Low 36.47
Display Name Russell 2000 BuyWrite ETF
Dividend Yield 7.27
Eps Trailing Twelve Months 2.3075483
Esg Populated 0
Exchange BTS
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 38.80538
Fifty Day Average Change -2.3353806
Fifty Day Average Change Percent -0.06018187
Fifty Two Week Change Percent -9.437585
Fifty Two Week High 41.81
Fifty Two Week High Change -5.34
Fifty Two Week High Change Percent -0.12772064
Fifty Two Week Low 36.21
Fifty Two Week Low Change 0.26000214
Fifty Two Week Low Change Percent 0.007180396
Fifty Two Week Range 36.21 - 41.81
First Trade Date Milliseconds 1,710,509,400,000
Full Exchange Name Cboe US
Fullday Change -0.34000015
Fullday Change Percent -0.9236624
Fullday Price 36.47
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 REGULAR
Max Age 86,400
Message Board Id finmb_1861769189
Nav Price 36.36382
Net Assets 55,830,824.0
Net Expense Ratio 0.39
Open 36.85
Phone 415-670-2000
Previous Close 36.81
Price Hint 2
Quote Source Name Delayed Quote
Quote Type ETF
Region US
Regular Market Change -0.34000015
Regular Market Change Percent -0.9236624
Regular Market Day High 36.93
Regular Market Day Low 36.47
Regular Market Day Range 36.47 - 36.93
Regular Market Open 36.85
Regular Market Previous Close 36.81
Regular Market Price 36.47
Regular Market Time 1,792,170,275
Regular Market Volume 12,190
Short Name iShares Russell 2000 BuyWrite E
Source Interval 15
Symbol IWMW
Total Assets 55,830,824
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing P E 15.804653
Trailing Peg Ratio None
Trailing Three Month Nav Returns -2.3472
Trailing Three Month Returns -2.3472
Triggerable 1
Two Hundred Day Average 38.76343
Two Hundred Day Average Change -2.2934303
Two Hundred Day Average Change Percent -0.059164792
Type Disp ETF
Volume 12,190
Yield 0.0727
Ytd Return 10.78858