Short Interest in Essential 40 Stock ETF (NASDAQ:ESN) Decreases By 52.1%

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

Essential 40 Stock ETF Stock Performance

NASDAQ:ESN traded up $0.02 during mid-day trading on Tuesday, hitting $20.61. The stock had a trading volume of 48,086 shares, compared to its average volume of 64,393. Essential 40 Stock ETF has a twelve month low of $16.28 and a twelve month high of $20.82. The stock has a market cap of $330.17 million, a price-to-earnings ratio of 19.18 and a beta of 0.71. The company’s 50 day simple moving average is $19.96 and its 200 day simple moving average is $18.96.

Institutional Trading of Essential 40 Stock ETF

An institutional investor recently raised its stake in Essential 40 Stock ETF stock. Janney Montgomery Scott LLC lifted its holdings in shares of Essential 40 Stock ETF (NASDAQ:ESN) by 2.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 38,706 shares of the company’s stock after acquiring an additional 1,063 shares during the quarter. Janney Montgomery Scott LLC owned approximately 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.