Essential 40 Stock ETF (NASDAQ:ESN) Short Interest Down 76.7% in July

Essential 40 Stock ETF (NASDAQ:ESN) saw a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 37,422 shares, a decline of 76.7% from the June 30th total of 160,278 shares. Based on an average trading volume of 55,546 shares, the short-interest ratio is currently 0.7 days. Approximately 0.2% of the company’s shares are short sold.

Essential 40 Stock ETF Stock Performance

ESN stock traded up $0.09 during trading on Monday, hitting $19.93. 416,534 shares of the company traded hands, compared to its average volume of 66,281. The firm has a market capitalization of $304.13 million, a PE ratio of 19.18 and a beta of 0.71. Essential 40 Stock ETF has a 1 year low of $15.78 and a 1 year high of $20.21. The company has a 50-day moving average of $19.71 and a 200-day moving average of $18.67.

Institutional Trading of Essential 40 Stock ETF

A hedge fund recently raised its stake in Essential 40 Stock ETF stock. Legacy Financial Group LLC lifted its position in Essential 40 Stock ETF (NASDAQ:ESN) by 3.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,891,621 shares of the company’s stock after purchasing an additional 59,758 shares during the period. Essential 40 Stock ETF comprises approximately 4.3% of Legacy Financial Group LLC’s portfolio, making the stock its 6th biggest holding. Legacy Financial Group LLC owned about 16.10% of Essential 40 Stock ETF worth $34,382,000 at the end of the most recent reporting period.

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.