IWMI ETF Analysis: NEOS Russell 2000 High | BATS
Derivative Income | BATS, USA | Market Cap: 1.080m USD | 12M Return: 29.5% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 18.9M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 2 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
IWMI is an actively-managed ETF that combines exposure to the Russell 2000® Index with a call options strategy designed to generate high monthly income. The fund invests in one or more ETFs tracking the Russell 2000, holds the underlying stocks directly, or uses a combination of both, and writes (sells) call options on the index to produce income for shareholders.
As a derivative income ETF, IWMI uses a covered call writing approach, collecting option premiums in exchange for capping potential upside gains on its small-cap U.S. equity exposure. The Russell 2000® Index is a widely followed benchmark of U.S. small-capitalization stocks maintained by FTSE Russell.
- Russell 2000 small-cap rally lifts underlying ETF NAV
- Covered call premiums expand on rising small-cap implied volatility
- Fed rate cuts pressure small-cap valuations and earnings outlook
- Fund AUM growth drives management fee revenue scale
As of July 28, 2026, the stock is trading at USD 52.04 with a total of 349,507 shares traded. Over the past week, the price has changed by +0.13%, over one month by -1.24%, over three months by +6.04% and over the past year by +29.54%.
Current recommended Stop Loss: 51.10 (which is 1.8% or 1.4 ATR below the current price).
NEOS Russell 2000 High has no consensus analysts rating.