Main BuyWrite ETF (BATS:BUYW) Sees Large Increase in Short Interest

Main BuyWrite ETF (BATS:BUYW – Get Free Report) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 483,356 shares, an increase of 583.0% from the August 31st total of 70,768 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average daily volume of 499,386 shares, the days-to-cover ratio is presently 1.0 days.

Hedge Funds Weigh In On Main BuyWrite ETF

An institutional investor recently raised its position in Main BuyWrite ETF stock. Main Management LLC raised its position in shares of Main BuyWrite ETF (BATS:BUYW – Free Report) by 5.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,036,358 shares of the company’s stock after buying an additional 403,560 shares during the quarter. Main BuyWrite ETF comprises 8.3% of Main Management LLC’s portfolio, making the stock its 2nd biggest holding. Main Management LLC owned approximately 15.59% of Main BuyWrite ETF worth $115,081,000 at the end of the most recent reporting period.

Main BuyWrite ETF Trading Up 0.2%

Shares of BUYW stock opened at $14.48 on Friday. The stock has a market cap of $746.30 million, a PE ratio of 24.65 and a beta of 0.30. Main BuyWrite ETF has a 12 month low of $13.84 and a 12 month high of $14.66. The company’s fifty day moving average price is $14.57 and its 200-day moving average price is $14.43.

Main BuyWrite ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Thursday, September 24th will be issued a $0.0727 dividend. This represents a $0.87 annualized dividend and a dividend yield of 6.0%. This is a negative change from Main BuyWrite ETF’s previous monthly dividend of $0.0730. The ex-dividend date of this dividend is Thursday, September 24th.

Main BuyWrite ETF Company Profile

(Get Free Report)

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.

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