Essential 40 Stock ETF (NASDAQ:ESN) Short Interest Update

Essential 40 Stock ETF (NASDAQ:ESN) saw a large increase in short interest in June. As of June 15th, there was short interest totaling 220,396 shares, an increase of 179.3% from the May 31st total of 78,920 shares. Based on an average daily volume of 95,336 shares, the short-interest ratio is presently 2.3 days. Approximately 1.7% of the shares of the stock are short sold.

Essential 40 Stock ETF Trading Up 0.9%

Shares of ESN stock traded up $0.18 on Friday, reaching $19.68. 24,415 shares of the company’s stock were exchanged, compared to its average volume of 63,312. The company’s fifty day simple moving average is $19.25 and its 200 day simple moving average is $18.29. The stock has a market capitalization of $261.15 million, a PE ratio of 19.18 and a beta of 0.72. Essential 40 Stock ETF has a 52 week low of $15.78 and a 52 week high of $20.02.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Essential 40 Stock ETF stock. Janney Montgomery Scott LLC bought a new stake in Essential 40 Stock ETF (NASDAQ:ESN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 37,643 shares of the company’s stock, valued at approximately $646,000. Janney Montgomery Scott LLC owned 0.32% of Essential 40 Stock ETF as of its most recent SEC filing.

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.