Main BuyWrite ETF (BATS:BUYW) Shares Shorted: Short Interest Down 44.8% in September

by · The Cerbat Gem

Main BuyWrite ETF (BATS:BUYW – Get Free Report) saw a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 266,782 shares, a drop of 44.8% from the September 15th total of 483,356 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average daily volume of 479,635 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors Weigh In On Main BuyWrite ETF

An institutional investor recently raised its stake in Main BuyWrite ETF stock. Silver Grove Financial Group Inc. grew its position in shares of Main BuyWrite ETF (BATS:BUYW – Free Report) by 14.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 75,803 shares of the company’s stock after acquiring an additional 9,361 shares during the quarter. Silver Grove Financial Group Inc. owned about 0.15% of Main BuyWrite ETF worth $1,086,000 at the end of the most recent quarter.

Main BuyWrite ETF Stock Down 0.1%

Shares of BATS BUYW opened at $14.57 on Friday. Main BuyWrite ETF has a 52-week low of $13.84 and a 52-week high of $14.66. The firm has a fifty day moving average of $14.57 and a 200-day moving average of $14.47. The stock has a market capitalization of $750.94 million, a PE ratio of 24.65 and a beta of 0.30.

Main BuyWrite ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, September 29th. Investors of record on Thursday, September 24th were given a $0.0727 dividend. This is a decrease from Main BuyWrite ETF’s previous monthly dividend of $0.0730. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $0.87 annualized dividend and a dividend yield of 6.0%.

Main BuyWrite ETF Company Profile

(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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