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

Hennessy Sustainable ETF (NASDAQ:STNC) saw a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 24 shares, a decrease of 98.8% from the April 30th total of 2,012 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 1,143 shares, the days-to-cover ratio is currently 0.0 days.

Hennessy Sustainable ETF Trading Down 0.9%

Shares of STNC traded down $0.32 during midday trading on Friday, reaching $36.14. 462 shares of the stock were exchanged, compared to its average volume of 2,391. Hennessy Sustainable ETF has a 52 week low of $29.88 and a 52 week high of $36.71. The company’s 50 day moving average is $35.26 and its two-hundred day moving average is $34.47. The company has a market capitalization of $92.88 million, a P/E ratio of 19.83 and a beta of 0.86.

Hedge Funds Weigh In On Hennessy Sustainable ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Cetera Investment Advisers grew its position in shares of Hennessy Sustainable ETF by 67.6% during the 2nd quarter. Cetera Investment Advisers now owns 12,410 shares of the company’s stock worth $383,000 after buying an additional 5,005 shares in the last quarter. O Shaughnessy Asset Management LLC bought a new position in shares of Hennessy Sustainable ETF during the 4th quarter worth $202,000. Raymond James Financial Inc. bought a new position in shares of Hennessy Sustainable ETF during the 2nd quarter worth $96,000. Finally, Osaic Holdings Inc. bought a new position in shares of Hennessy Sustainable ETF during the 2nd quarter worth $84,000.

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.