Essential 40 Stock ETF (NASDAQ:ESN) Sees Large Growth in Short Interest

Essential 40 Stock ETF (NASDAQ:ESN) was the recipient of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 30,085 shares, a growth of 302.6% from the February 12th total of 7,473 shares. Based on an average daily volume of 64,292 shares, the short-interest ratio is presently 0.5 days. Approximately 0.3% of the company’s shares are short sold. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 64,292 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On Essential 40 Stock ETF

A hedge fund recently raised its stake in Essential 40 Stock ETF stock. Legacy Financial Group LLC raised its position in shares of Essential 40 Stock ETF (NASDAQ:ESN) by 3.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,891,621 shares of the company’s stock after buying an additional 59,758 shares during the quarter. Essential 40 Stock ETF comprises 4.3% of Legacy Financial Group LLC’s portfolio, making the stock its 6th largest position. Legacy Financial Group LLC owned approximately 16.10% of Essential 40 Stock ETF worth $34,382,000 at the end of the most recent quarter.

Essential 40 Stock ETF Stock Down 0.4%

Shares of ESN stock traded down $0.08 on Thursday, reaching $17.91. 26,603 shares of the stock were exchanged, compared to its average volume of 55,967. Essential 40 Stock ETF has a 1-year low of $13.53 and a 1-year high of $18.52. The stock has a market cap of $210.44 million, a P/E ratio of 19.18 and a beta of 0.79. The firm has a 50 day moving average of $17.98 and a two-hundred day moving average of $17.38.

About Essential 40 Stock ETF

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.