Essential 40 Stock ETF (NASDAQ:ESN) Short Interest Up 166.6% in August

Essential 40 Stock ETF (NASDAQ:ESN) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 47,747 shares, an increase of 166.6% from the July 30th total of 17,909 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average trading volume of 44,282 shares, the days-to-cover ratio is presently 1.1 days.

Essential 40 Stock ETF Price Performance

Shares of NASDAQ ESN opened at $20.64 on Friday. Essential 40 Stock ETF has a 1 year low of $16.44 and a 1 year high of $20.82. The firm has a 50-day moving average of $20.14 and a 200 day moving average of $19.12. The stock has a market cap of $330.65 million, a P/E ratio of 19.18 and a beta of 0.71.

Institutional Investors Weigh In On Essential 40 Stock ETF

A hedge fund recently raised its stake in Essential 40 Stock ETF stock. Legacy Financial Group LLC lifted its stake in Essential 40 Stock ETF (NASDAQ:ESN) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,891,621 shares of the company’s stock after purchasing an additional 59,758 shares during the quarter. Essential 40 Stock ETF accounts for approximately 4.3% of Legacy Financial Group LLC’s holdings, making the stock its 6th biggest 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 reporting period.

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.