Essential 40 Stock ETF (NASDAQ:ESN) Sees Significant Decrease in Short Interest

Essential 40 Stock ETF (NASDAQ:ESN) saw a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 53,230 shares, a decline of 38.5% from the December 31st total of 86,505 shares. Based on an average daily volume of 55,708 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.5% of the shares of the company are sold short. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 55,708 shares, the days-to-cover ratio is presently 1.0 days.

Essential 40 Stock ETF Stock Performance

Shares of NASDAQ:ESN traded down $0.13 on Friday, hitting $17.86. The stock had a trading volume of 65,135 shares, compared to its average volume of 61,422. The firm’s 50 day moving average price is $17.44 and its 200-day moving average price is $16.98. Essential 40 Stock ETF has a twelve month low of $13.53 and a twelve month high of $18.52. The company has a market capitalization of $202.71 million, a price-to-earnings ratio of 19.18 and a beta of 0.79.

Essential 40 Stock ETF Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Friday, December 19th. Investors of record on Thursday, December 11th were issued a dividend of $0.156 per share. The ex-dividend date was Thursday, December 11th. This represents a yield of 91.0%.

Essential 40 Stock ETF Company Profile

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.