WBI BullBear Value 3000 ETF (NYSEARCA:WBIF) Sees Significant Decrease in Short Interest

WBI BullBear Value 3000 ETF (NYSEARCA:WBIF) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totaling 1,900 shares, a drop of 46.7% from the August 15th total of 3,565 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 1,328 shares, the short-interest ratio is presently 1.4 days.

WBI BullBear Value 3000 ETF Price Performance

NYSEARCA:WBIF traded down $0.31 on Wednesday, hitting $35.63. 174 shares of the company’s stock were exchanged, compared to its average volume of 3,126. The firm has a 50-day moving average price of $36.33 and a 200-day moving average price of $34.27. WBI BullBear Value 3000 ETF has a 52 week low of $29.87 and a 52 week high of $37.26. The company has a market cap of $1.78 million, a P/E ratio of 19.28 and a beta of 0.59.

WBI BullBear Value 3000 ETF Company Profile

The WBI BullBear Value 3000 ETF (WBIF) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed fund that focuses on global value stocks that pay dividends. The fund seeks long-term capital appreciation with reduced volatility during market declines. WBIF was launched on Aug 27, 2014 and is managed by WBI Shares.