Main BuyWrite ETF (BUYW)
BuyWrite ETF (BUYW) Touches Fresh 52-Week High
For investors seeking momentum, Main BuyWrite ETF BUYW is probably on the radar now. The fund just hit a 52-week high and is up 5.1% from its 52-week low price of $13.84 per share.
BUYW: Expensive Covered Call ETF, Better Choices Out There
BUYW is an actively-managed covered call ETF that invests in a portfolio of ETFs and sells covered calls. BUYW has a high expense ratio of 1.31% and has had mixed results since inception. Other covered call ETFs offer stronger performance and lower expenses, making BUYW an unfavorable investment choice.
BUYW: Stellar Short-Term Performance May Not Be Repeatable
Main Buywrite ETF opportunistically writes call options on a basket of various ETFs the manager deems to be attractive. BUYW ETF has outperformed in the short term due to a stellar 2022, when the fund avoided losses. However, it is unclear how this performance was achieved. Overall, if we exclude the 2022 performance, the BUYW is a middle-of-the-pack buywrite fund that charges a high expense ratio. I am not confident the 2022 performance is repeatable.
Income, growth or both? Weighing active ETFs in an up market
Protection plays were a prominent strategy last year, but the rally during the first half of 2023 is prompting more ETF investors to rethink the growth trade.
ETF of the Week: Main BuyWrite ETF (BUYW)
VettaFi's vice chairman Tom Lydon discussed the Main BuyWrite ETF (BUYW) on this week's “ETF of the Week” podcast with Chuck Jaffe of “Money Life.” BUYW targets hedged equity strategies, Lydon said.
BUYW: Cross Asset Buy-Write Fund Outperforming The S&P 500
The Main BuyWrite Fund is an exchange traded fund. The vehicle employs both a covered-call strategy and a cash-covered put writing one.
New BuyWrite ETF (BUYW) to Play Amid Market Volatility
Main Management Fund Advisors has recently put out an ETF on BuyWrite concept.