Westwood Salient Enhanced Energy Income ETF (NASDAQ:WEEI) Sees Significant Growth in Short Interest

Westwood Salient Enhanced Energy Income ETF (NASDAQ:WEEI) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 22,288 shares, an increase of 946.9% from the August 15th total of 2,129 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average trading volume of 37,422 shares, the days-to-cover ratio is currently 0.6 days.

Westwood Salient Enhanced Energy Income ETF Trading Down 0.2%

Shares of NASDAQ WEEI opened at $25.24 on Friday. Westwood Salient Enhanced Energy Income ETF has a 12 month low of $20.38 and a 12 month high of $25.50. The firm has a market capitalization of $102.22 million, a price-to-earnings ratio of 15.37 and a beta of 0.05. The business has a 50-day moving average of $24.16 and a 200-day moving average of $23.85.

Westwood Salient Enhanced Energy Income ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Friday, August 28th were given a dividend of $0.225 per share. The ex-dividend date was Friday, August 28th. This represents a c) annualized dividend and a yield of 10.7%.

Westwood Salient Enhanced Energy Income ETF Company Profile

The Westwood Salient Enhanced Energy Income ETF (WEEI) is an exchange-traded fund that mostly invests in energy equity. The fund is an actively managed portfolio seeking to provide monthly income by investing in North American energy companies and writing 1-month call options, on a recurring basis. Stocks are selected and weighted based on fundamental criteria. WEEI was launched on May 1, 2024 and is issued by Westwood.