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

Essential 40 Stock ETF (NASDAQ:ESN) was the recipient of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 17,909 shares, a decline of 52.1% from the July 15th total of 37,422 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 99,427 shares, the short-interest ratio is currently 0.2 days.

Essential 40 Stock ETF Stock Performance

Shares of NASDAQ:ESN traded down $0.06 during trading on Friday, reaching $20.74. The stock had a trading volume of 10,443 shares, compared to its average volume of 64,236. The firm’s fifty day moving average is $19.94 and its 200 day moving average is $18.94. Essential 40 Stock ETF has a 52 week low of $16.28 and a 52 week high of $20.82. The stock has a market cap of $332.25 million, a price-to-earnings ratio of 19.18 and a beta of 0.71.

Hedge Funds Weigh In On Essential 40 Stock ETF

An institutional investor recently raised its position in Essential 40 Stock ETF stock. Janney Montgomery Scott LLC raised its position in shares of Essential 40 Stock ETF (NASDAQ:ESN) by 2.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,706 shares of the company’s stock after acquiring an additional 1,063 shares during the quarter. Janney Montgomery Scott LLC owned about 0.30% of Essential 40 Stock ETF worth $678,000 as of its most recent SEC filing.

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.