Hennessy Sustainable ETF (NASDAQ:STNC) Sees Large Growth in Short Interest

Hennessy Sustainable ETF (NASDAQ:STNC) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 927 shares, a growth of 3,465.4% from the June 30th total of 26 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 2,003 shares, the short-interest ratio is currently 0.5 days.

Hennessy Sustainable ETF Price Performance

STNC opened at $36.69 on Friday. The business’s 50-day moving average price is $36.81 and its two-hundred day moving average price is $35.63. Hennessy Sustainable ETF has a 1 year low of $30.91 and a 1 year high of $38.53. The company has a market capitalization of $92.46 million, a price-to-earnings ratio of 19.83 and a beta of 0.84.

Institutional Investors Weigh In On Hennessy Sustainable ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cetera Investment Advisers lifted its position in shares of Hennessy Sustainable ETF by 67.6% in the second quarter. Cetera Investment Advisers now owns 12,410 shares of the company’s stock worth $383,000 after purchasing an additional 5,005 shares in the last quarter. O Shaughnessy Asset Management LLC bought a new position in Hennessy Sustainable ETF in the fourth quarter valued at $202,000. Raymond James Financial Inc. bought a new position in Hennessy Sustainable ETF in the second quarter valued at $96,000. Finally, Osaic Holdings Inc. acquired a new stake in Hennessy Sustainable ETF in the 2nd quarter valued at $84,000.

About Hennessy Sustainable ETF

The Hennessy Stance ESG ETF (STNC) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed, non-transparent ETF that holds a concentrated portfolio of US firms screened for ESG criteria. The fund utilizes the Blue Tractor non-transparent model. STNC was launched on Mar 16, 2021 and is issued by Hennessy.