Main BuyWrite ETF (BATS:BUYW) Short Interest Update

Main BuyWrite ETF (BATS:BUYW) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totaling 162,107 shares, a growth of 141.7% from the April 15th total of 67,067 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 432,447 shares, the days-to-cover ratio is presently 0.4 days.

Main BuyWrite ETF Stock Performance

BUYW stock opened at $14.42 on Friday. The company has a market capitalization of $743.21 million, a PE ratio of 24.65 and a beta of 0.30. Main BuyWrite ETF has a one year low of $13.75 and a one year high of $14.45. The company’s 50 day moving average price is $14.24 and its two-hundred day moving average price is $14.26.

Main BuyWrite ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, February 24th. Shareholders of record on Thursday, February 19th were paid a dividend of $0.0714 per share. The ex-dividend date of this dividend was Thursday, February 19th. This represents a c) annualized dividend and a dividend yield of 5.9%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Virtue Capital Management LLC grew its holdings in shares of Main BuyWrite ETF by 1,441,805.8% in the fourth 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 during the last quarter. Silver Grove Financial Group Inc. grew 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. Main Management LLC grew its holdings 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 purchasing an additional 403,560 shares during the last quarter. Kingswood Wealth Advisors LLC grew its holdings in shares of Main BuyWrite ETF by 6.0% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 30,692 shares of the company’s stock worth $440,000 after purchasing an additional 1,744 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC bought a new position in shares of Main BuyWrite ETF in the third quarter worth approximately $44,000.

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.