Main BuyWrite ETF (BATS:BUYW) Short Interest Update

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

Main BuyWrite ETF Trading Up 0.1%

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 $14.41. Main BuyWrite ETF has a 12-month low of $13.84 and a 12-month high of $14.66. The company has a market cap of $751.97 million, a price-to-earnings ratio of 24.65 and a beta of 0.30.

Main BuyWrite ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, July 29th. Investors of record on Friday, July 24th were paid a $0.0728 dividend. This represents a c) annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend was Friday, July 24th. This is an increase from Main BuyWrite ETF’s previous monthly dividend of $0.07.

Institutional Trading of Main BuyWrite ETF

A number of institutional investors have recently bought and sold shares of BUYW. Silver Grove Financial Group Inc. grew its holdings in 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 valued at $1,086,000 after purchasing an additional 9,361 shares during the last quarter. Virtue Capital Management LLC raised its stake in shares of Main BuyWrite ETF by 1,441,805.8% during the 4th quarter. Virtue Capital Management LLC now owns 1,240,039 shares of the company’s stock worth $17,708,000 after buying an additional 1,239,953 shares during the last quarter. Finally, Main Management LLC raised its stake in shares of Main BuyWrite ETF by 5.3% during the 4th 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 during the last quarter.

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.