Main BuyWrite ETF (BATS:BUYW – Get Free Report) was the recipient of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 266,782 shares, a decrease of 44.8% from the September 15th total of 483,356 shares. Based on an average daily trading volume, of 479,635 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.5% of the shares of the stock are sold short.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Main BuyWrite ETF stock. Silver Grove Financial Group Inc. grew its position in shares of Main BuyWrite ETF (BATS:BUYW – Free Report) by 14.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,803 shares of the company’s stock after purchasing an additional 9,361 shares during the period. Silver Grove Financial Group Inc. owned approximately 0.15% of Main BuyWrite ETF worth $1,086,000 at the end of the most recent quarter.
Main BuyWrite ETF Stock Performance
BUYW stock opened at $14.59 on Friday. The firm has a 50 day moving average of $14.57 and a 200-day moving average of $14.47. The firm has a market capitalization of $751.97 million, a P/E 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.
Main BuyWrite ETF Cuts Dividend
The company also recently announced a monthly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Thursday, September 24th were paid a $0.0727 dividend. The ex-dividend date was Thursday, September 24th. This represents a $0.87 annualized dividend and a yield of 6.0%. This is a drop from Main BuyWrite ETF’s previous monthly dividend of $0.0730.
Main BuyWrite ETF Company Profile
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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