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

Main BuyWrite ETF (BATS:BUYW) was the target 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. Based on an average trading volume of 432,447 shares, the short-interest ratio is presently 0.4 days. Currently, 0.3% of the shares of the company are short sold.

Institutional Investors Weigh In On Main BuyWrite ETF

A number of large investors have recently bought and sold shares of the company. Kingswood Wealth Advisors LLC grew its stake in Main BuyWrite ETF by 6.0% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 30,692 shares of the company’s stock worth $440,000 after buying an additional 1,744 shares in the last quarter. GPS Wealth Strategies Group LLC acquired a new stake in Main BuyWrite ETF during the third quarter worth about $44,000. Silver Grove Financial Group Inc. grew its stake in Main BuyWrite ETF by 14.1% during the fourth quarter. Silver Grove Financial Group Inc. now owns 75,803 shares of the company’s stock worth $1,086,000 after buying an additional 9,361 shares in the last quarter. Main Management LLC grew its stake in Main BuyWrite ETF by 5.3% during 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. Finally, Virtue Capital Management LLC grew its stake in Main BuyWrite ETF by 1,441,805.8% during the fourth 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 in the last quarter.

Main BuyWrite ETF Stock Performance

BUYW stock opened at $14.40 on Friday. The company’s 50-day simple moving average is $14.24 and its 200 day simple moving average is $14.26. Main BuyWrite ETF has a 52 week low of $13.75 and a 52 week high of $14.45. The company has a market capitalization of $742.18 million, a PE ratio of 24.65 and a beta of 0.30.

Main BuyWrite ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, February 24th. Investors of record on Thursday, February 19th were paid a $0.0714 dividend. The ex-dividend date was Thursday, February 19th. This represents a c) annualized dividend and a dividend yield of 6.0%.

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.