Defiance R2000 Enhanced Options Income ETFIWMY
IWMY
0
Funds holding %
of 7,296 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
81% more call options, than puts
Call options by funds: $687K | Put options by funds: $380K
3.0% less ownership
Funds ownership: 3.99% [Q4 2024] → 0.98% (-3.0%) [Q1 2025]
33% less funds holding
Funds holding: 15 [Q4 2024] → 10 (-5) [Q1 2025]
33% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 3
57% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 7
75% less capital invested
Capital invested by funds: $4.22M [Q4 2024] → $1.03M (-$3.19M) [Q1 2025]
Research analyst outlook
We haven’t received any recent analyst ratings for IWMY.
Financial journalist opinion
Negative
Seeking Alpha
1 month ago
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.
Positive
Seeking Alpha
7 months ago
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.
Neutral
Seeking Alpha
7 months ago
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.
Neutral
GlobeNewsWire
8 months ago
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.
Neutral
GlobeNewsWire
8 months ago
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.
Negative
Seeking Alpha
8 months ago
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.
Neutral
GlobeNewsWire
9 months ago
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:
Neutral
GlobeNewsWire
9 months ago
Defiance ETFs Announces Monthly Distributions on $QQQY (105.45%), $JEPY (72.04%), $IWMY (110.96%), $SPYT (20.12%), $USOY (75.17%), and $QQQT (20.06%)
Defiance ETFs Announces Monthly Distributions on $QQQY (105.45%), $JEPY (72.04%), $IWMY (110.96%), $SPYT (20.12%), $USOY (75.17%), and $QQQT (20.06%).
Neutral
GlobeNewsWire
10 months ago
Defiance Announces 1-for-3 Reverse Stock Split of QQQY, JEPY, and IWMY ETFs
CHICAGO and MILWAUKEE and NEW YORK, July 17, 2024 (GLOBE NEWSWIRE) -- Tidal Financial Group announced today that the Board of Trustees of Tidal Trust II has approved a one-for-three (1-for-3) reverse split of the Defiance QQQY, JEPY, and IWMY ETFs.
Positive
Seeking Alpha
11 months ago
IWMY: Extracting High Dividends From The Russell 2000, Works Only In One Scenario
IWMY is an ETF that uses options to try to generate high yields from the Russell 2000 (IWM). It achieves this by selling cash-covered puts, which limits potential upside but provides downside protection. IWMY only outperforms IWM in a range-bound market, like 2024 so far.
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