Defiance R2000 Enhanced Options Income ETF

IWMY

Market cap $142M

Overview Fund Activity

23.19 USD

+0.18

0.78%

At close Updated Sep 15, 4:00 PM EDT

Pre-market

After hours

23.10

-0.09

0.39%

1 day

0.78%

5 days

-0.43%

1 month

0.83%

3 months

-3.58%

6 months

-14.21%

Year to date

-22.78%

1 year

-36.19%

5 years

-61.71%

10 years

-61.71%

0

Funds holding %

of 7,463 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

273% more call options, than puts

Call options by funds: $1.25M | Put options by funds: $335K

100% more repeat investments, than reductions

Existing positions increased: 2 | Existing positions reduced: 1

0.63% less ownership

Funds ownership: 0.98% [Q1] → 0.35% (-0.63%) [Q2]

20% less funds holding

Funds holding: 10 [Q1] → 8 (-2) [Q2]

60% less capital invested

Capital invested by funds: $1.03M [Q1] → $415K (-$620K) [Q2]

100% less first-time investments, than exits

New positions opened: 0 | Existing positions closed: 2

See Fund Rankings

Financial journalist opinion

24/7 Wall Street

These 3 ETFs Can Get You $1,000 in Dividends Every Week

Most investors are aware of dividend exchange-traded funds that pay monthly.

These 3 ETFs Can Get You $1,000 in Dividends Every Week

IWMY Can Provide Investors An Appealing Income Strategy

IWMY offers high weekly income by writing daily put options on the Russell 2000 Index, yielding 75.56% over the past year. The ETF does not hold index constituents directly, instead generating income from option premiums and short-to-medium-term treasuries for added stability. Risks include value decay, liquidity concerns, reverse stock splits, and significant returns of capital distributions, with tax implications.

IWMY Can Provide Investors An Appealing Income Strategy

31 June Ideal 'Safer' Monthly Paying Dividend Stocks And 80 Funds

June U.S. exchange-traded monthly paid (MoPay) dividends, upsides, and net-gains include: 1. Stocks-by-yield (80); 2. Stocks-by-price-upside (30); 3. Closed-End-Investments, Exchange-Traded-Funds & Notes (CEICs/ETFs/ETNs) by yield >10% (80); 4. ‘Safer' Ideal-Dividend-Equities by Cash-Flow-Margins. Analyst estimates suggest top MoPay stocks could net 16.48% to 33.67% gains by June 2026, with an average net gain of 23.57% and higher-than-market risk. The dogcatcher rule highlights 31 'safer' MoPay stocks where dividends from $1K invested exceed share price, positive returns, and strong free cash flow coverage.

31 June Ideal 'Safer' Monthly Paying Dividend Stocks And 80 Funds

IWMY: May Perform Better Than Peers, Strategy Changes Ahead

IWMY, an income ETF, shows promise in generating income and providing downside protection, especially in sideways or downward markets. Volatility levels of the underlying IWM are low, which impacts option premiums and accumulated income, but offers stability. Past performance indicates IWMY has a smaller performance gap compared to its underlying IWM, with better downside protection than many option writing ETFs.

IWMY: May Perform Better Than Peers, Strategy Changes Ahead

IWMY: Likely To Become Insolvent In A Few Years Unless Strategy Changes

Demand for high-yielding stock investments surged in 2020, leading to the popularity of options-selling strategies, with funds like IWMY offering high yields but high risks. IWMY's strategy of selling daily in-the-money put options is fundamentally flawed, causing rapid NAV erosion and making it a yield trap. Despite positive total returns with dividend reinvestment, IWMY's declining AUM and unsustainable strategy make it a risky investment.

IWMY: Likely To Become Insolvent In A Few Years Unless Strategy Changes

Beyond The High Yield: A Look At IWMY's Strategy And Potential Risks

IWMY's 51% yield is unusually high and potentially unsustainable, with significant risks due to its options-based strategy and return of capital distributions. The fund's strategy involves selling short-dated put options on the Russell 2000, limiting upside potential and exposing it to unlimited downside. A substantial portion of IWMY's portfolio is invested in low-yield Treasuries, hindering its ability to outperform in bull markets.

Beyond The High Yield: A Look At IWMY's Strategy And Potential Risks

Defiance Announces Shift to Weekly Distributions and Name Change for 0DTE Income ETF Suite

MIAMI, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Defiance ETFs, a leading innovator in thematic and income-based exchange-traded funds (ETFs), is excited to announce the renaming and strategy update for its suite of Daily Options Income ETFs to better reflect the adoption of same-day expiration options (0DTE) and an enhanced income strategy.

Defiance Announces Shift to Weekly Distributions and Name Change for 0DTE Income ETF Suite

Defiance Announces Shift to Weekly Distributions and Name Change for 0DTE Income ETF Suite

MIAMI, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Defiance ETFs, a leading innovator in thematic and income-based exchange-traded funds (ETFs), is excited to announce the renaming and strategy update for its suite of Daily Options Income ETFs to better reflect the adoption of same-day expiration options (0DTE) and an enhanced income strategy.

Defiance Announces Shift to Weekly Distributions and Name Change for 0DTE Income ETF Suite

IWMY: Flawed Strategy Leading To Capital Erosion

IWMY's in-the-money option strategy with short expiration dates leads to capital decay. This leads to IWMY underperforming the Russell 2000 and other covered call ETFs like FEPI. Despite a 110.9% yield, IWMY's high distribution is unsustainable, primarily funded by return of capital, causing NAV deterioration. IWMY may suit a small, diverse portfolio in a flat market, but its risks outweigh rewards for most investors.

IWMY: Flawed Strategy Leading To Capital Erosion

Tidal Financial Group Announces Name Changes and Enhanced Options Strategies for Defiance ETFs

NEW YORK, Sept. 11, 2024 (GLOBE NEWSWIRE) -- Tidal Financial Group is pleased to announce upcoming changes effective September 26, 2024, to enhance the offerings of three Defiance ETFs:

Tidal Financial Group Announces Name Changes and Enhanced Options Strategies for Defiance ETFs

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