iShares Russell 2000 BuyWrite ETF (IWMW)Derivative Income | Exchange Traded Fund | Cboe US
38.26 USD
+0.10
(0.263%)
⇧
(April 20, 2026, 3:59 p.m.
EDT)
Short-term: ★☆☆☆☆ | Long-term: ★★★☆☆ | Dividends: ★★☆☆☆ |
Hot Take | April 18, 2026, 11:21 p.m. EDT
IWMW is a textbook value trap for income investors. The reported 22.55% dividend yield is an artifact of three consecutive days of zero price change on the data feed, which artificially inflates yield calculations. The asset has delivered negative returns over the prior year (-3.12%) and is trading 5.6% below its 50-day average. Statistically, the short-term forecasting model indicates essentially flat price movement (-0.001% predicted change) with high noise. While it offers insurance-like exposure to small-caps during a risk-off environment, the lack of momentum, the diminishing yield sustainability due to potential price crashes, and the flat directional forecast make it an unattractive speculative vehicle. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.015042 |
| AutoETS | 0.015155 |
| AutoARIMA | 0.015176 |
| AutoTheta | 0.015902 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 47% |
| H-stat | 6.04 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.384 |
| Excess Kurtosis | -0.65 |
| Attribute | Value |
|---|---|
| Trailing P/E | 18.37 |
As of April 18, 2026, 11:21 p.m. EDT: Options activity is extremely thin with near-zero volume and open interest across most expirations outside of a single July contract. There is minimal speculative positioning; the sole notable put activity is an out-of-the-money strike at 34.0 for the October expiration, representing a extreme short-term tail risk bet rather than a directional trend. The lack of options flow data (IV is 0 for July, sparse for Oct) suggests a lack of active positioning beyond hedging by the underlying index (Russell 2000).
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 2.02% | 24.34% | — | — |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-04-02 | 0.747 | 2.020284 |
| 2026-03-03 | 0.693 | 1.837062 |
| 2026-02-03 | 0.722 | 1.925873 |
| 2025-12-23 | 0.686 | 1.852881 |
| 2025-12-02 | 0.561 | 1.542815 |
| 2025-11-04 | 0.705 | 1.926624 |
| 2025-10-02 | 0.817 | 2.255036 |
| 2025-09-03 | 0.541 | 1.540702 |
| 2025-08-04 | 0.854 | 2.561973 |
| 2025-07-02 | 0.856 | 2.574638 |
| 2025-06-03 | 0.643 | 2.016522 |
| 2025-05-02 | 0.716 | 2.281555 |
| 2025-04-02 | 0.632 | 1.941135 |
| 2025-03-04 | 0.376 | 1.145280 |
| 2025-02-04 | 0.741 | 2.100946 |
| 2024-12-20 | 1.413 | 4.181482 |
| 2024-12-03 | 0.640 | 1.790359 |
| 2024-11-04 | 0.842 | 2.551279 |
| 2024-10-02 | 0.922 | 2.842596 |
| 2024-09-04 | 0.933 | 2.908704 |
| 2024-08-02 | 0.523 | 1.670492 |
| 2024-07-02 | 0.633 | 1.999916 |
| 2024-06-04 | 0.505 | 1.605366 |
| 2024-05-02 | 0.776 | 2.451585 |
| 2024-04-02 | 0.622 | 1.912321 |
| Attribute | Value |
|---|---|
| All Time High | 52.72 |
| All Time Low | 34.29 |
| Ask | 38.3 |
| Ask Size | 500 |
| Average Daily Volume10 Day | 11,840 |
| Average Daily Volume3 Month | 13,827 |
| Average Volume | 13,827 |
| Average Volume10Days | 11,840 |
| Beta3 Year | 0.0 |
| Bid | 38.0 |
| Bid Size | 100 |
| Category | Derivative Income |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 38.26 |
| Day Low | 38.1 |
| Dividend Yield | 22.55 |
| Eps Trailing Twelve Months | 2.082457 |
| Esg Populated | 0 |
| Exchange | BTS |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 38.1297 |
| Fifty Day Average Change | 0.13029861 |
| Fifty Day Average Change Percent | 0.0034172474 |
| Fifty Two Week Change Percent | 1.755321 |
| Fifty Two Week High | 41.81 |
| Fifty Two Week High Change | -3.550003 |
| Fifty Two Week High Change Percent | -0.084907986 |
| Fifty Two Week Low | 36.21 |
| Fifty Two Week Low Change | 2.0499992 |
| Fifty Two Week Low Change Percent | 0.056614175 |
| 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 | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_1861769189 |
| Nav Price | 38.21158 |
| Net Assets | 46,343,260.0 |
| Net Expense Ratio | 0.39 |
| Open | 37.99 |
| Phone | 415-670-2000 |
| Pre Market Change | -0.019996643 |
| Pre Market Change Percent | -0.052265145 |
| Pre Market Price | 38.24 |
| Pre Market Time | 1,776,769,479 |
| Previous Close | 38.1595 |
| Price Hint | 2 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.100498 |
| Regular Market Change Percent | 0.263364 |
| Regular Market Day High | 38.26 |
| Regular Market Day Low | 38.1 |
| Regular Market Day Range | 38.1 - 38.26 |
| Regular Market Open | 37.99 |
| Regular Market Previous Close | 38.1595 |
| Regular Market Price | 38.26 |
| Regular Market Time | 1,776,715,190 |
| Regular Market Volume | 5,785 |
| Short Name | iShares Russell 2000 BuyWrite E |
| Source Interval | 15 |
| Symbol | IWMW |
| Total Assets | 46,343,260 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing P E | 18.372526 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 0.13054 |
| Trailing Three Month Returns | 0.13054 |
| Triggerable | 1 |
| Two Hundred Day Average | 39.379124 |
| Two Hundred Day Average Change | -1.1191254 |
| Two Hundred Day Average Change Percent | -0.028419254 |
| Type Disp | ETF |
| Volume | 5,785 |
| Yield | 0.22549999 |
| Ytd Return | 0.13054 |