Hennessy Sustainable ETF (NASDAQ:STNC) Sees Significant Increase in Short Interest

Hennessy Sustainable ETF (NASDAQ:STNC) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 360 shares, a growth of 620.0% from the August 15th total of 50 shares. Based on an average daily trading volume, of 919 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the company’s stock are sold short.

Hennessy Sustainable ETF Stock Up 1.4%

Shares of STNC traded up $0.52 during mid-day trading on Friday, hitting $36.64. The stock had a trading volume of 6,600 shares, compared to its average volume of 2,048. The company has a market cap of $92.33 million, a PE ratio of 19.83 and a beta of 0.83. The company’s fifty day simple moving average is $36.84 and its two-hundred day simple moving average is $36.12. Hennessy Sustainable ETF has a fifty-two week low of $31.60 and a fifty-two week high of $38.53.

Hedge Funds Weigh In On Hennessy Sustainable ETF

Several large investors have recently added to or reduced their stakes in the company. Osaic Holdings Inc. bought a new stake in Hennessy Sustainable ETF during the second quarter valued at $84,000. Raymond James Financial Inc. bought a new position in shares of Hennessy Sustainable ETF in the 2nd quarter worth about $96,000. O Shaughnessy Asset Management LLC bought a new position in shares of Hennessy Sustainable ETF in the 4th quarter worth about $202,000. Finally, Cetera Investment Advisers boosted its holdings in shares of Hennessy Sustainable ETF by 67.6% in the 2nd quarter. Cetera Investment Advisers now owns 12,410 shares of the company’s stock valued at $383,000 after buying an additional 5,005 shares during the period.

About Hennessy Sustainable ETF

The Hennessy Stance ESG ETF (STNC) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed, non-transparent ETF that holds a concentrated portfolio of US firms screened for ESG criteria. The fund utilizes the Blue Tractor non-transparent model. STNC was launched on Mar 16, 2021 and is issued by Hennessy.