WBI Power Factor High Dividend ETF (NYSE:WBIY) Sees Significant Decline in Short Interest

WBI Power Factor High Dividend ETF (NYSE:WBIY) saw a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 613 shares, a decline of 77.5% from the September 15th total of 2,724 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 3,175 shares, the short-interest ratio is currently 0.2 days.

WBI Power Factor High Dividend ETF Price Performance

Shares of WBIY stock traded up $0.06 on Tuesday, hitting $34.82. The stock had a trading volume of 1,664 shares, compared to its average volume of 7,849. The stock has a market cap of $58.50 million, a price-to-earnings ratio of 8.41 and a beta of 0.84. WBI Power Factor High Dividend ETF has a 12-month low of $30.06 and a 12-month high of $39.23. The business has a 50 day moving average of $37.29 and a 200 day moving average of $35.76.

About WBI Power Factor High Dividend ETF

The WBI Power Factor High Dividend ETF (WBIY) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks an index of 50 US firms selected for high forecasted dividend yield and strong fundamental factors. Holdings are weighted by forecasted dividend yield. WBIY was launched on Dec 19, 2016 and is managed by WBI Shares.