IWM Stock Summary and Trading Ideas (iShares Russell 2000 ETF | ARCA:IWM)

The iShares Russell 2000 Index Fund seeks investment results that correspond generally to the price and yield performance before fees and expenses of the small capitalization sector of the U.S. equity market as represented by the Russell 2000 Index. The index represents the approximately 2000 smallest companies in the Russell 3000 Index.

iShares Russell 2000 ETF trades on the ARCA stock market under the symbol IWM.

As of November 15, 2024, IWM stock price declined to $228.48 with 23,391,836 million shares trading.

IWM has a beta of 1.19, meaning it tends to be more sensitive to market movements. IWM has a correlation of 0.47 to the broad based SPY ETF.

IWM has a market cap of $77.96 billion. This is considered a Large Cap stock.

In the last 3 years, IWM traded as high as $242.39 and as low as $161.67.

IWM has underperformed the market in the last year with a return of +29.2%, while SPY returned +31.8%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in IWM shares. However, IWM has outperformed the market in the last 3 month and 2 week periods, returning +8.1% and +4.3%, while SPY returned +6.2% and +2.6%, respectively. This indicates IWM has been having a stronger performance recently.

IWM support price is $228.79 and resistance is $235.09 (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 IWM shares will trade within this expected range on the day.