10-Jul-2026
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The Fund's primary investment objective is to seek current income. The Fund's secondary investment objective is to seek exposure to the performance of the Russell 2000 Index (the "Index"). The Fund is an actively managed exchange-traded fund ("ETF") that primarily seeks to generate cash distributions from options premiums. The Fund's strategy involves holding shares of unaffiliated passively managed ETFs that seek to track the performance of the Index ("Index ETFs") and selling daily credit call spreads on the Index. The Fund may also gain synthetic exposure to the Index by using call options that reference the Index or Index ETFs. While the Fund seeks to provide weekly cash distributions, the Fund's options strategies are designed to seek net premiums of approximately 2.5% per month. The Fund has also established a target annual cash distribution level of approximately 30% of its net asset value (the "Annual 30% Target"). The Fund aims for consistent distribution levels, primarily relying on the options premiums generated from selling the call spreads.
Defiance R2000 Weekly Distribution ETF trades on the ARCA stock market under the symbol IWMY.
As of July 10, 2026, IWMY stock price declined to $19.35 with 36,373 million shares trading.
IWMY has a beta of 0.85, meaning it tends to be less sensitive to market movements. IWMY has a correlation of 0.55 to the broad based SPY ETF.
IWMY has a market cap of $97.07 million. This is considered a Micro Cap stock.
IWMY has underperformed the market in the last year with a price return of +13.5% while the SPY ETF gained +21.8%. IWMY has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +10.9% and -0.5%, respectively, while the SPY returned +11.4% and +3.6%, respectively.
IWMY support price is $19.21 and resistance is $19.69 (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.
