iShares Russell 2000 BuyWrite ETF (IWMW)Derivative Income | Exchange Traded Fund | Cboe US
39.25 USD
-0.18
(-0.467%) ⇩
(July 13, 2026, 3:30 p.m.
EDT)
After hours: 39.25 |
Hot Take ↕ | July 11, 2026, 6:51 a.m. EDT
The iShares Russell 2000 BuyWrite ETF is currently trapped in a defensive posture, offering high income at the cost of significant capital erosion. The trailing twelve-month performance is a stark -16.48%, driven by a sharp decline in the underlying small-cap index which this strategy is designed to hedge against. While the 8.59% dividend yield appears attractive, it is largely compensating for the asset's failure to participate in market gains; the strategy effectively caps upside potential while exposing the holder to the full brunt of equity market downturns. The options market confirms this pessimism, with traders aggressively buying protection at strikes below the current price, creating a heavy put wall that suggests further downside is priced in. For a long-term investor, the combination of a shrinking principal base and a capped upside ceiling makes this a difficult hold, despite the steady cash flow. |
| Model | MAE |
|---|---|
| MSTL_83 ✓ | 0.014781 |
| MSTL | 0.019428 |
| AutoETS | 0.021361 |
| AutoARIMA | 0.021526 |
| AutoTheta | 0.028791 |
Forecast horizon: 60 days | Selected: MSTL_83
| Forecast Reliability | |
|---|---|
| Score | 57% |
| H-stat | 4.69 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.881 |
| Excess Kurtosis | -0.04 |
| Attribute | Value |
|---|---|
| Trailing P/E | 18.20 |
As of July 11, 2026, 6:51 a.m. EDT: Speculators are positioning defensively with heavy put volume concentrated in the near term (July and October expirations), specifically targeting strikes below the current price. This creates a 'floor' around the current level, while call activity is virtually non-existent, indicating a lack of bullish conviction for a rally.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 1.59% | 21.49% | — | — |
| Date | Dividend | Yield % |
|---|---|---|
| 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 | 44.0 |
| Ask Size | 400 |
| Average Daily Volume10 Day | 15,540 |
| Average Daily Volume3 Month | 13,426 |
| Average Volume | 13,426 |
| Average Volume10Days | 15,540 |
| Beta3 Year | 0.0 |
| Bid | 38.77 |
| Bid Size | 300 |
| Category | Derivative Income |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 39.419 |
| Day Low | 39.195 |
| Dividend Yield | 8.59 |
| Eps Trailing Twelve Months | 2.156799 |
| Esg Populated | 0 |
| Exchange | BTS |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 38.7723 |
| Fifty Day Average Change | 0.4734993 |
| Fifty Day Average Change Percent | 0.012212308 |
| Fifty Two Week Change Percent | 0.37676096 |
| Fifty Two Week High | 41.81 |
| Fifty Two Week High Change | -2.5642014 |
| Fifty Two Week High Change Percent | -0.061329857 |
| Fifty Two Week Low | 36.21 |
| Fifty Two Week Low Change | 3.035801 |
| Fifty Two Week Low Change Percent | 0.083838746 |
| Fifty Two Week Range | 36.21 - 41.81 |
| First Trade Date Milliseconds | 1,710,509,400,000 |
| Full Exchange Name | Cboe US |
| 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 | PREPRE |
| Max Age | 86,400 |
| Message Board Id | finmb_1861769189 |
| Nav Price | 39.50754 |
| Net Assets | 56,041,556.0 |
| Net Expense Ratio | 0.39 |
| Open | 39.46 |
| Phone | 415-670-2000 |
| Post Market Change | 0.0 |
| Post Market Change Percent | 0.0 |
| Post Market Price | 39.2458 |
| Post Market Time | 1,783,976,700 |
| Previous Close | 39.43 |
| Price Hint | 2 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.1842 |
| Regular Market Change Percent | -0.467158 |
| Regular Market Day High | 39.419 |
| Regular Market Day Low | 39.195 |
| Regular Market Day Range | 39.195 - 39.419 |
| Regular Market Open | 39.46 |
| Regular Market Previous Close | 39.43 |
| Regular Market Price | 39.2458 |
| Regular Market Time | 1,783,971,045 |
| Regular Market Volume | 9,749 |
| Short Name | iShares Russell 2000 BuyWrite E |
| Source Interval | 15 |
| Symbol | IWMW |
| Total Assets | 56,041,556 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing P E | 18.196318 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 15.29547 |
| Trailing Three Month Returns | 15.29547 |
| Triggerable | 1 |
| Two Hundred Day Average | 39.126476 |
| Two Hundred Day Average Change | 0.11932373 |
| Two Hundred Day Average Change Percent | 0.0030496928 |
| Type Disp | ETF |
| Volume | 9,749 |
| Yield | 0.0859 |
| Ytd Return | 15.44609 |