Main BuyWrite ETF (BATS:BUYW) Short Interest Up 141.7% in April

Main BuyWrite ETF (BATS:BUYWGet Free Report) was the target of a significant growth in short interest during the month of 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 daily trading volume, of 432,447 shares, the short-interest ratio is presently 0.4 days. Approximately 0.3% of the shares of the company are short sold.

Main BuyWrite ETF Stock Performance

BATS BUYW opened at $14.40 on Friday. Main BuyWrite ETF has a 52-week low of $13.75 and a 52-week high of $14.45. The company has a 50-day simple moving average of $14.24 and a 200 day simple moving average of $14.26. 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 business also recently disclosed a monthly dividend, which was paid on Tuesday, February 24th. Investors of record on Thursday, February 19th were issued a dividend of $0.0714 per share. This represents a c) dividend on an annualized basis and a yield of 6.0%. The ex-dividend date was Thursday, February 19th.

Institutional Trading of Main BuyWrite ETF

A number of large investors have recently added to or reduced their stakes in BUYW. Virtue Capital Management LLC increased its holdings 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 during the last quarter. Main Management LLC increased its holdings 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 during the last quarter. Silver Grove Financial Group Inc. boosted its position 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 purchasing an additional 9,361 shares during the period. GPS Wealth Strategies Group LLC bought a new position in Main BuyWrite ETF during the third quarter worth about $44,000. Finally, Kingswood Wealth Advisors LLC boosted its position 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 purchasing an additional 1,744 shares during the period.

About Main BuyWrite ETF

(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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