IWMI ETF Analysis: NEOS Russell 2000 High | BATS
Derivative Income | BATS, USA | Market Cap: 1.297m USD | 12M Return: 19% | US78433H6348 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 23.2M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 2.2 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 September 27, 2026, the stock is trading at USD 49.60 with a total of 446,639 shares traded. Over the past week, the price has changed by -0.80%, over one month by -4.33%, over three months by -3.34% and over the past year by +19.01%.
Current recommended Stop Loss: 48.90 (which is 1.4% or 1.3 ATR below the current price).
NEOS Russell 2000 High has no consensus analysts rating.