Main BuyWrite ETF (BATS:BUYW) Short Interest Update

Main BuyWrite ETF (BATS:BUYW) saw a large decline in short interest in August. As of August 31st, there was short interest totaling 70,768 shares, a decline of 76.8% from the August 15th total of 304,920 shares. Based on an average daily volume of 408,591 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

Main BuyWrite ETF Price Performance

BUYW stock opened at $14.59 on Friday. Main BuyWrite ETF has a 1-year low of $13.84 and a 1-year high of $14.66. The business has a 50 day simple moving average of $14.57 and a two-hundred day simple moving average of $14.41. The company has a market capitalization of $751.97 million, a price-to-earnings ratio of 24.65 and a beta of 0.30.

Main BuyWrite ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, July 29th. Investors of record on Friday, July 24th were given a dividend of $0.0728 per share. This is a positive change from Main BuyWrite ETF’s previous monthly dividend of $0.07. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date was Friday, July 24th.

Institutional Trading of Main BuyWrite ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Virtue Capital Management LLC lifted its stake in Main BuyWrite ETF by 1,441,805.8% in the 4th quarter. Virtue Capital Management LLC now owns 1,240,039 shares of the company’s stock worth $17,708,000 after purchasing an additional 1,239,953 shares in the last quarter. Silver Grove Financial Group Inc. increased its holdings in shares of Main BuyWrite ETF by 14.1% in the fourth quarter. Silver Grove Financial Group Inc. now owns 75,803 shares of the company’s stock worth $1,086,000 after purchasing an additional 9,361 shares during the last quarter. Finally, Main Management LLC lifted its position in shares of Main BuyWrite ETF by 5.3% in the fourth quarter. Main Management LLC now owns 8,036,358 shares of the company’s stock worth $115,081,000 after buying an additional 403,560 shares in the last quarter.

About Main BuyWrite ETF

The Main Buywrite ETF (BUYW) is an exchange-traded fund that mostly invests in total market equity. The fund seeks risk-adjusted total returns by actively investing in global equity ETFs combined with an option writing strategy. BUYW was launched on Dec 29, 2015 and is managed by Main Funds.