Essential 40 Stock ETF (NASDAQ:ESN) Sees Significant Decrease in Short Interest

Essential 40 Stock ETF (NASDAQ:ESN) was the target of a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 53,230 shares, a drop of 38.5% from the December 31st total of 86,505 shares. Based on an average daily trading volume, of 55,708 shares, the short-interest ratio is currently 1.0 days. Currently, 0.5% of the company’s shares are short sold. Currently, 0.5% of the company’s shares are short sold. Based on an average daily trading volume, of 55,708 shares, the short-interest ratio is currently 1.0 days.

Essential 40 Stock ETF Trading Up 0.3%

Shares of NASDAQ ESN opened at $17.99 on Friday. The stock has a market capitalization of $204.19 million, a PE ratio of 19.18 and a beta of 0.79. Essential 40 Stock ETF has a twelve month low of $13.53 and a twelve month high of $18.52. The stock has a fifty day simple moving average of $17.42 and a 200-day simple moving average of $16.96.

Essential 40 Stock ETF Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Friday, December 19th. Shareholders of record on Thursday, December 11th were paid a dividend of $0.156 per share. The ex-dividend date was Thursday, December 11th. This represents a yield of 91.0%.

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.