Stock Traders Purchase High Volume of iShares Russell 2000 ETF Call Options (NYSEARCA:IWM)

by · The Markets Daily

iShares Russell 2000 ETF (NYSEARCA:IWM – Get Free Report) was the target of some unusual options trading on Monday. Stock traders bought 2,926,744 call options on the company. This is an increase of approximately 71% compared to the average volume of 1,708,600 call options.

iShares Russell 2000 ETF Stock Performance

IWM traded down $1.92 during midday trading on Monday, hitting $251.93. The stock had a trading volume of 42,588,138 shares, compared to its average volume of 35,530,918. iShares Russell 2000 ETF has a 1 year low of $171.73 and a 1 year high of $258.20. The business has a fifty day moving average of $244.94 and a 200 day moving average of $232.21. The company has a market cap of $69.77 billion, a P/E ratio of 17.69 and a beta of 1.13.

Hedge Funds Weigh In On iShares Russell 2000 ETF

Several institutional investors and hedge funds have recently made changes to their positions in IWM. Northern Financial Advisors Inc lifted its position in shares of iShares Russell 2000 ETF by 4.1% in the 3rd quarter. Northern Financial Advisors Inc now owns 1,144 shares of the exchange traded fund’s stock worth $277,000 after purchasing an additional 45 shares during the period. Punch & Associates Investment Management Inc. boosted its position in iShares Russell 2000 ETF by 32.1% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 185 shares of the exchange traded fund’s stock valued at $45,000 after acquiring an additional 45 shares in the last quarter. Bernard Wealth Management Corp. grew its holdings in shares of iShares Russell 2000 ETF by 0.8% during the 2nd quarter. Bernard Wealth Management Corp. now owns 5,976 shares of the exchange traded fund’s stock worth $1,290,000 after acquiring an additional 47 shares during the period. Thoroughbred Financial Services LLC raised its position in shares of iShares Russell 2000 ETF by 1.5% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 3,277 shares of the exchange traded fund’s stock worth $707,000 after acquiring an additional 48 shares in the last quarter. Finally, Ameriflex Group Inc. lifted its stake in shares of iShares Russell 2000 ETF by 8.1% in the 3rd quarter. Ameriflex Group Inc. now owns 642 shares of the exchange traded fund’s stock valued at $155,000 after purchasing an additional 48 shares during the period.

About iShares Russell 2000 ETF

(Get Free Report)

iShares Russell 2000 ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Russell 2000 Index (the Index). The Index is a float-adjusted capitalization weighted index that measures the performance of the small-capitalization sector of the United States equity market and includes securities issued by the approximately 2,000 smallest issuers in the Russell 3000 Index.

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