Westwood Salient Enhanced Midstream Income ETF (NYSE:MDST) Stock Short Interest Falls 41.8%

Westwood Salient Enhanced Midstream Income ETF (NYSE:MDST) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totaling 28,910 shares, a decline of 41.8% from the September 15th total of 49,673 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average trading volume of 76,376 shares, the days-to-cover ratio is currently 0.4 days.

Westwood Salient Enhanced Midstream Income ETF Price Performance

Westwood Salient Enhanced Midstream Income ETF stock traded up $0.72 during midday trading on Friday, reaching $28.68. The company’s stock had a trading volume of 38,629 shares, compared to its average volume of 62,268. The stock has a market capitalization of $304.06 million, a P/E ratio of 19.79 and a beta of 0.27. The stock’s 50-day simple moving average is $29.03 and its 200-day simple moving average is $29.05. Westwood Salient Enhanced Midstream Income ETF has a 52-week low of $24.93 and a 52-week high of $30.43.

Westwood Salient Enhanced Midstream Income ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, October 5th. Stockholders of record on Tuesday, September 29th were paid a $0.2250 dividend. This represents a $2.70 annualized dividend and a dividend yield of 9.4%. The ex-dividend date was Tuesday, September 29th.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Westwood Salient Enhanced Midstream Income ETF stock. North Star Investment Management Corp. grew its stake in Westwood Salient Enhanced Midstream Income ETF (NYSE:MDST) by 136.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 169,686 shares of the company’s stock after purchasing an additional 97,922 shares during the quarter. North Star Investment Management Corp. owned approximately 2.08% of Westwood Salient Enhanced Midstream Income ETF worth $4,853,000 as of its most recent SEC filing.

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.