ETFdb Logo
  • ETF Database
  • Channels
    • Themes
      • Active ETF
      • Alternatives Channel
      • Artificial Intelligence
      • China Insights
      • Climate Insights
      • Core Strategies
      • Crypto
      • Disruptive Technology
      • Energy Infrastructure
      • ETF Building Blocks
      • ETF Education
      • ETF Investing
      • ETF Strategist
      • Faith-Based Investing
      • Financial Literacy
      • Fixed Income
      • Free Cash Flow
      • Innovative ETFs
      • Invest Beyond Cash
      • Leveraged & Inverse
      • Modern Alpha
      • Portfolio Strategies
      • Tax Efficient Income
    • Asset Class
      • Equity
        • U.S. Equity
        • Int'l Developed
        • Emerging Market Equities
      • Alternatives
        • Gold/Silver/Critical Materials
        • Crypytocurrency
        • Currency
        • Volatility
      • Fixed Income
        • Investment Grade Corporates
        • US Treasuries & TIPS
        • High Yield Corporates
        • Int'l Fixed Income
    • ETF Ecosystem
    • ETFs in Canada
    • Market Outlook
    • Crypto ETF Hub
  • Tools
    • ETF Screener
    • ETF Country Exposure Tool
    • ETF Database Categories
    • Indexes
    • Scenario Analysis
    • Watchlists
    • Head-To-Head ETF Comparison Tool
    • Mutual Fund To ETF Converter
    • ETF Stock Exposure Tool
    • ETF Issuer Fund Flows
  • Research
    • ETF Education
    • Equity Investing
    • Dividend ETFs
    • Leveraged ETFs
    • Inverse ETFs
    • Index Education
    • Index Insights
    • Top ETF Sectors
    • Top ETF Issuers
    • Top ETF Industries
  • Webcasts
  • Themes
    • AI ETFs
    • Blockchain ETFs
    • See all Thematic Investing ETF themes
    • ESG Investing
    • Marijuana ETFs
  • Multimedia
    • ETF 360 Video Series
    • ETF of the Week Podcast
    • Gaining Perspective Podcast
    • ETF Prime Podcast
    • Video
  • Company
    • About VettaFi
    • Get VettaFi’ed
  • PRO
    • Pro Content
    • Pro Tools
    • Advanced
    • FAQ
    • Pricing
    • Free Sign Up
    • Login
  1. Defiance ETFs’ Active IWMY Uses Daily Options on Russell 2000
News
Share

Defiance ETFs’ Active IWMY Uses Daily Options on Russell 2000

James ComtoisOct 31, 2023
2023-10-31

Defiance ETFs has expanded its lineup of enhanced income options ETFs with the launch of the Defiance R2000 Enhanced Options Income ETF (NYSE Arca: IWMY). The fund is listed on the New York Stock Exchange.

The actively managed put-write fund uses daily options on the Russell 2000 Index to help augment income. IMWY intends to pay any distributions on a monthly basis.

The ETF aims to achieve consistent and outsized monthly yield distributions coupled with equity market exposure to the Russell 2000. It seeks enhanced income, constructed of Treasuries and Russell 2000 index options.

See more: New Defiance ETF JEPY Uses Daily Options to Augment S&P 500 Income

The fund seeks to generate outsized monthly distributions by selling options premium on a daily basis. It uses daily options to realize rapid time decay by selling in-the-money puts.

“IWMY has the potential to reshape the Russell 2000 options income strategies within the ETF landscape,” said Defiance ETFs CEO Sylvia Jablonski. She added that the fund could offer “investors a new paradigm for income generation.”

A Growing Suite of Enhanced Income Options ETFs

IWMY complements the issuer’s growing suite of enhanced income options ETFs. In September, Defiance ETFs launched the Defiance S&P 500 Enhanced Options Income ETF (JEPY B+). JEPY uses daily options to augment income on the S&P 500.

It also listed that month the Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY ). QQQY is an actively managed ETF that seeks enhanced income, constructed of Treasuries and Nasdaq-100 index options. Jablonski said in a press release announcing the launch of QQQY that Defiance ETFs is “seeking to unlock a new dimension of income generation within the ETF space.”

“Advisors are increasingly comfortable with ETFs that incorporate options in a more efficient manner,” said Todd Rosenbluth, head of research at VettaFi.

IWMY carries an expense ratio of 0.99%.

For more news, information, and analysis, visit VettaFi | ETFDB.


Content continues below advertisement

» Popular Pages

  • Tickers
  • Articles

Jun 16

S&P 500 Snapshot: Index Falls Amid Geopolitical Tensions

Jun 16

As Munis See Increased Issuance, Here's an Active Choice

Jun 16

Exxon's Profitability Defies Energy Sector Challenges

Jun 16

Treasury Yields Snapshot: June 13, 2025

Jun 16

Notes From the Desk: Energy Is the New Inflation Wildcard 

Jun 16

Weekly Economic Snapshot: Inflation Edges Up While Sentiment Rebounds

Jun 16

Executive Orders Build Momentum for Higher Uranium Prices

Jun 16

Rare Scenario Could Bode Well for This Gold ETF

Jun 16

Though Government Policy Makes Headlines, Real Economic Muscle Continues to Power Growth

Jun 16

3 New ETFs That Reflect Emerging 2025 Market Trends

QQQ

Invesco QQQ Trust Series I

VOO

Vanguard S&P 500 ETF

IBIT

iShares Bitcoin Trust ETF

SPY

SPDR S&P 500 ETF Trust

IVV

iShares Core S&P 500 ETF

SCHD

Schwab US Dividend Equity ETF...

GLD

SPDR Gold Shares

AIQ

Global X Artificial...

SMH

VanEck Semiconductor ETF

CNBS

Amplify Seymour Cannabis ETF


Content continues below advertisement

Loading Articles...
Our Sites
  • VettaFi
  • Advisor Perspectives
  • ETF Trends
Tools
  • ETF Screener
  • Mutual Fund to ETF Converter
  • Head-To-Head ETF Comparison
  • ETF Country Exposure Tool
  • ETF Stock Exposure Tool
  • ETF Database Pro
More Tools
  • Financial Advisor & RIA Center
Explore ETFs
  • ETF News
  • ETF Category Reports
  • Premium Articles
  • Alphabetical Listing of ETFs
  • Browse ETFs by ETF Database Category
  • Browse ETFs by Index
  • Browse ETFs by Issuer
  • Compare ETFs
Information
  • Contact Us
  • Terms of Use and Privacy Policy
  • © 2025 VettaFi LLC. All rights reserved.

Advertisement

Is Your Portfolio Positioned With Enough Global Exposure?

ETF Education Channel

How to Allocate Commodities in Portfolios

Tom LydonApr 26, 2022
2022-04-26

A long-running debate in asset allocation circles is how much of a portfolio an investor should...

Core Strategies Channel

Why ETFs Experience Limit Up/Down Protections

Karrie GordonMay 13, 2022
2022-05-13

In a digital age where information moves in milliseconds and millions of participants can transact...

}
X