Essential 40 Stock ETF (NASDAQ:ESN) Short Interest Down 52.1% in July

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

Essential 40 Stock ETF Price Performance

Essential 40 Stock ETF stock traded down $0.15 during midday trading on Monday, reaching $20.59. The stock had a trading volume of 105,465 shares, compared to its average volume of 64,500. The firm’s fifty day simple moving average is $19.94 and its two-hundred day simple moving average is $18.94. Essential 40 Stock ETF has a twelve month low of $16.28 and a twelve month high of $20.82. The firm has a market cap of $329.85 million, a price-to-earnings ratio of 19.18 and a beta of 0.71.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Essential 40 Stock ETF stock. Legacy Financial Group LLC increased its position in shares of Essential 40 Stock ETF (NASDAQ:ESN) by 3.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,891,621 shares of the company’s stock after acquiring 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 as of its most recent filing with the Securities and Exchange Commission.

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.