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 growth in short interest in February. As of February 28th, there was short interest totalling 11,700 shares, a growth of 160.0% from the February 13th total of 4,500 shares. Based on an average trading volume of 4,000 shares, the days-to-cover ratio is presently 2.9 days. Currently, 1.9% of the company’s stock are short sold.

Westwood Salient Enhanced Energy Income ETF Price Performance

Shares of NASDAQ:WEEI opened at $21.69 on Thursday. Westwood Salient Enhanced Energy Income ETF has a 12 month low of $20.64 and a 12 month high of $24.87. The firm has a market capitalization of $13.66 million and a P/E ratio of 14.61. The company’s fifty day moving average price is $22.32 and its 200 day moving average price is $22.75.

Westwood Salient Enhanced Energy Income ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, March 4th. Investors of record on Thursday, February 27th were given a $0.225 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 12.45%.

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.