Short Interest in Essential 40 Stock ETF (NASDAQ:ESN) Increases By 84.5%

Essential 40 Stock ETF (NASDAQ:ESN) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 57,200 shares, an increase of 84.5% from the August 31st total of 31,000 shares. Based on an average daily trading volume, of 67,900 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily trading volume, of 67,900 shares, the days-to-cover ratio is currently 0.8 days.

Essential 40 Stock ETF Trading Up 0.6%

NASDAQ ESN traded up $0.10 during mid-day trading on Monday, hitting $17.31. The company’s stock had a trading volume of 563,135 shares, compared to its average volume of 40,309. The company’s 50 day simple moving average is $16.56 and its 200 day simple moving average is $15.83. Essential 40 Stock ETF has a twelve month low of $13.53 and a twelve month high of $17.34. The firm has a market capitalization of $161.15 million, a price-to-earnings ratio of 19.18 and a beta of 0.87.

About Essential 40 Stock ETF

The Essential 40 Stock ETF (ESN) is an exchange-traded fund that is based on the Essential 40 Stock index. The fund attempts to track an index of 40 US blue-chip stocks that are deemed essential to the US economy by the index provider. Holdings are equally weighted in the index ESN was launched on Jun 11, 2014 and is issued by KKM Financial.