Interesting Options Activity, Money Flows Seen For Small Cap Funds

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April 10, 2017 11:44am NYSE:IWM

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Analyst Paul Weisbruch of Street One Financial brings us his daily fund flows update, which today looks at some interesting options activity and money flows in small cap funds, and previews the slew of earnings results coming up next week for financials.


We saw some late week activity in Small Caps via IWM (iShares Russell 2000) June 135 puts, which are slightly out-ofthe-money after today’s lift in Small-Caps (up over 0.80%). Year-to-date, there has been some position trimming in IWM, with more than $1.2 billion leaving the fund year-to-date via redemption flows, but competing fund IJR (iShares Core S&P Small-Cap) has seen substantial net inflows during this time frame (over $2.9 million in), so healthy appetite for small caps seems to still exist in the marketplace.

During this holiday shortened week, we are looking to quarterly earnings reports from some of the major Financial names (JPM, WFC and C on 4/13), while next Monday IBM is expected to report. Next Tuesday there are a flurry of reports from BAC, GS, UNH and JNJ to name some of the bellwethers. XLF is bound to be in focus as a result, with analysts expecting overall weak results from financials.

The iShares Russell 2000 Index ETF (NYSE:IWM) was trading at $136.36 per share on Monday morning, up $0.84 (+0.62%). Year-to-date, IWM has gained 1.12%, versus a 5.57% rise in the benchmark S&P 500 index during the same period.

IWM currently has an ETF Daily News SMART Grade of A (Strong Buy), and is ranked #1 of 29 ETFs in the Small Cap Blend ETFs category.


Disclaimer: The content of this article is excerpted from a daily newsletter from Street One Financial. While ETF Daily News may edit the contents and add a relevant title to the piece, the author, Paul Weisbruch, does not endorse or recommend any issuer or security mentioned herein.

About the Author: Paul Weisbruch

paul-weisbruchPaul Weisbruch is the VP of ETF/Options Sales and Trading at Street One Financial. Prior to joining the team at Street One, Paul served as the Director of RIA and Institutional ETF Sales at RevenueShares ETFs from December 2007 until November of 2009. Before RevenueShares, Paul was employed by Susquehanna International Group from 2000 until 2007 serving in roles including OTC/NYSE Institutional Block Trading, Nasdaq/OTC Market Making, ETF/Derivatives Intelligence and Strategy, Algorithmic Trading, as well as acting as the PHLX Floor Specialist in the ETFs, SPY and DIA.Paul has been actively involved in the ETF space from both a product and trading standpoint since 2000. Additionally, Paul has well forged relationships with national RIAs, institutional pension fund managers and consultants, mutual fund and hedge fund managers, and also the ETF media. Co-authoring the “S1F ETF Daily” since 2009, the daily piece has become a must for many portfolio managers in the ETF space, with segments regularly appearing in the likes of Barron’s, WSJ, and ETFTrends.com for instance.

He holds his Series 4 (Registered Options Principal), 6, 7, 55 (Equity Trader), 63, and 65 licenses. He graduated from the University of Pittsburgh (B.S. – Economics), graduating magna cum laude, and has an MBA from Villanova University.


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