Main BuyWrite ETF (BATS:BUYW) Shares Shorted: Short Interest Up 583.0% in September

Main BuyWrite ETF (BATS:BUYW – Get Free Report) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 483,356 shares, an increase of 583.0% from the August 31st total of 70,768 shares. Based on an average trading volume of 499,386 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.9% of the company’s shares are sold short.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Main BuyWrite ETF stock. Main Management LLC raised its stake in Main BuyWrite ETF (BATS:BUYW – Free Report) by 5.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,036,358 shares of the company’s stock after buying an additional 403,560 shares during the period. Main BuyWrite ETF comprises about 8.3% of Main Management LLC’s portfolio, making the stock its 2nd biggest position. Main Management LLC owned 15.59% of Main BuyWrite ETF worth $115,081,000 as of its most recent filing with the Securities and Exchange Commission.

Main BuyWrite ETF Stock Performance

BUYW stock opened at $14.48 on Friday. The company has a fifty day moving average price of $14.57 and a 200-day moving average price of $14.43. The company has a market capitalization of $746.30 million, a P/E ratio of 24.65 and a beta of 0.30. Main BuyWrite ETF has a 52-week low of $13.84 and a 52-week high of $14.66.

Main BuyWrite ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 29th. Investors of record on Thursday, September 24th will be issued a $0.0727 dividend. The ex-dividend date is Thursday, September 24th. This is a negative change from Main BuyWrite ETF’s previous monthly dividend of $0.0730. This represents a $0.87 dividend on an annualized basis and a yield of 6.0%.

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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