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

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

Institutional Investors Weigh In On Essential 40 Stock ETF

An institutional investor recently bought a new stake in Essential 40 Stock ETF stock. Janney Montgomery Scott LLC acquired a new stake in Essential 40 Stock ETF (NASDAQ:ESN) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 37,643 shares of the company’s stock, valued at approximately $646,000. Janney Montgomery Scott LLC owned approximately 0.32% of Essential 40 Stock ETF as of its most recent SEC filing.

Essential 40 Stock ETF Trading Up 0.4%

Essential 40 Stock ETF stock traded up $0.08 during trading on Friday, reaching $19.86. The company had a trading volume of 50,081 shares, compared to its average volume of 63,780. The firm has a market capitalization of $303.06 million, a price-to-earnings ratio of 19.18 and a beta of 0.71. The firm’s 50-day simple moving average is $19.71 and its 200 day simple moving average is $18.66. Essential 40 Stock ETF has a 52 week low of $15.78 and a 52 week high of $20.21.

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.