Westwood Salient Enhanced Energy Income ETF (NASDAQ:WEEI) Sees Large Decrease in Short Interest

Westwood Salient Enhanced Energy Income ETF (NASDAQ:WEEI) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 17,246 shares, a decrease of 80.9% from the July 15th total of 90,073 shares. Based on an average daily trading volume, of 62,885 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.4% of the company’s shares are sold short.

Westwood Salient Enhanced Energy Income ETF Trading Up 1.1%

Shares of WEEI stock traded up $0.27 on Friday, reaching $24.78. 20,817 shares of the company’s stock were exchanged, compared to its average volume of 47,047. Westwood Salient Enhanced Energy Income ETF has a 52 week low of $20.38 and a 52 week high of $25.12. The stock has a market capitalization of $100.36 million, a PE ratio of 15.37 and a beta of 0.04. The company’s fifty day simple moving average is $23.31 and its 200 day simple moving average is $23.58.

Westwood Salient Enhanced Energy Income ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, August 4th. Shareholders of record on Thursday, July 30th were paid a $0.225 dividend. The ex-dividend date was Thursday, July 30th. This represents a c) dividend on an annualized basis and a yield of 10.9%.

About Westwood Salient Enhanced Energy Income ETF

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.