Westwood Salient Enhanced Midstream Income ETF (NYSE:MDST) Shares Shorted: Short Interest Up 98.0% in September

Westwood Salient Enhanced Midstream Income ETF (NYSE:MDST) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 49,673 shares, a growth of 98.0% from the August 31st total of 25,091 shares. Based on an average daily volume of 57,936 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.5% of the shares of the stock are sold short.

Westwood Salient Enhanced Midstream Income ETF Stock Down 0.7%

Westwood Salient Enhanced Midstream Income ETF stock traded down $0.18 during midday trading on Wednesday, reaching $27.44. 32,734 shares of the stock traded hands, compared to its average volume of 62,793. The stock has a market cap of $281.26 million, a P/E ratio of 19.79 and a beta of 0.23. The stock’s fifty day moving average is $29.32 and its 200-day moving average is $29.12. Westwood Salient Enhanced Midstream Income ETF has a 12 month low of $24.93 and a 12 month high of $30.43.

Westwood Salient Enhanced Midstream Income ETF Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, October 5th. Investors of record on Tuesday, September 29th will be paid a dividend of $0.2250 per share. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $2.70 dividend on an annualized basis and a yield of 9.8%.

Hedge Funds Weigh In On Westwood Salient Enhanced Midstream Income ETF

A hedge fund recently raised its stake in Westwood Salient Enhanced Midstream Income ETF stock. North Star Investment Management Corp. lifted its holdings in Westwood Salient Enhanced Midstream Income ETF (NYSE:MDST) by 136.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 169,686 shares of the company’s stock after buying an additional 97,922 shares during the period. North Star Investment Management Corp. owned about 2.08% of Westwood Salient Enhanced Midstream Income ETF worth $4,853,000 at the end of the most recent reporting period.

About Westwood Salient Enhanced Midstream Income ETF

The Westwood Salient Enhanced Midstream Income ETF (MDST) is an exchange-traded fund that mostly invests in energy equity. The fund is an actively managed fund that invests in midstream North American companies and US master limited partnerships (MLPs). In addition, the fund enhances income through covered call options. MDST was launched on Apr 9, 2024 and is issued by Westwood.