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

Westwood Salient Enhanced Energy Income ETF (NASDAQ:WEEI) saw a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 25,313 shares, a drop of 41.3% from the September 15th total of 43,118 shares. Based on an average daily trading volume, of 38,921 shares, the short-interest ratio is presently 0.7 days. Approximately 0.6% of the shares of the company are short sold.

Westwood Salient Enhanced Energy Income ETF Trading Down 0.9%

Shares of WEEI opened at $25.60 on Friday. The firm has a market cap of $113.41 million, a price-to-earnings ratio of 15.37 and a beta of 0.07. The stock has a 50 day moving average of $24.93 and a 200-day moving average of $24.03. Westwood Salient Enhanced Energy Income ETF has a 52 week low of $20.38 and a 52 week high of $25.99.

Westwood Salient Enhanced Energy Income ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, October 5th. Investors of record on Tuesday, September 29th were paid a dividend of $0.2250 per share. The ex-dividend date was Tuesday, September 29th. This represents a $2.70 annualized dividend and a yield of 10.5%.

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.