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 December 11, 2024, IWM stock price climbed to $239.15 with 11,805,513 million shares trading.

IWM has a beta of 1.21, meaning it tends to be more sensitive to market movements. IWM has a correlation of 0.48 to the broad based SPY ETF.

IWM has a market cap of $82.33 billion. This is considered a Large Cap stock.

In the last 3 years, IWM traded as high as $244.98 and as low as $161.67.

IWM has underperformed the market in the last year with a price return of +29.4% while the SPY ETF gained +33.6%. However, in the short term, IWM had mixed performance relative to the market. It has outperformed in the last 3 months, returning +15.2% vs +11.1% return in SPY. But in the last 2 weeks, IWM shares have been beat by the market, returning -0.6% compared to an SPY return of +1.2%.

IWM support price is $233.96 and resistance is $239.44 (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.