IWMY Stock Summary and Trading Ideas (Defiance R2000 Enhanced Options Income ETF | ARCA:IWMY)

IWMY aims to achieve consistent and outsized monthly yield distributions for investors coupled with equity market exposure to the Russell 2000. IWMY is an actively managed exchange-traded fund ("ETF") that seeks enhanced income, constructed of treasuries and Russell 2000 index options. The strategy's objective is to generate outsized monthly distributions by selling option premium on a daily basis. The fund uses daily options to realize rapid time decay by selling in the money puts.

Defiance R2000 Enhanced Options Income ETF trades on the ARCA stock market under the symbol IWMY.

As of October 31, 2024, IWMY stock price declined to $32.73 with 84,411 million shares trading.

IWMY has a beta of 0.71, meaning it tends to be less sensitive to market movements. IWMY has a correlation of 0.43 to the broad based SPY ETF.

IWMY has a market cap of $124.92 million. This is considered a Micro Cap stock.

IWMY support price is $32.99 and resistance is $33.40 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IWMY shares will trade within this expected range on the day.