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

by · The Cerbat Gem

WBI Power Factor High Dividend ETF (NYSE:WBIY – Get Free Report) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 2,724 shares, a decrease of 60.8% from the August 31st total of 6,948 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 3,824 shares, the days-to-cover ratio is currently 0.7 days.

WBI Power Factor High Dividend ETF Stock Performance

Shares of WBIY stock traded down $0.20 during trading hours on Monday, hitting $35.69. 3,404 shares of the company were exchanged, compared to its average volume of 7,989. The stock has a market capitalization of $59.95 million, a price-to-earnings ratio of 8.41 and a beta of 0.83. WBI Power Factor High Dividend ETF has a one year low of $29.73 and a one year high of $39.23. The business’s 50-day simple moving average is $37.73 and its two-hundred day simple moving average is $35.65.

WBI Power Factor High Dividend ETF Company Profile

(Get Free Report)

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.

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