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

Essential 40 Stock ETF (NASDAQ:ESN) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totaling 10,105 shares, a growth of 70.0% from the November 30th total of 5,945 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 38,725 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 38,725 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are sold short.

Essential 40 Stock ETF Price Performance

Shares of ESN stock remained flat at $17.28 during trading on Friday. 44,981 shares of the company traded hands, compared to its average volume of 40,695. The business’s fifty day moving average is $17.16 and its 200-day moving average is $16.69. Essential 40 Stock ETF has a twelve month low of $13.53 and a twelve month high of $17.55. The company has a market capitalization of $180.75 million, a price-to-earnings ratio of 19.18 and a beta of 0.79.

Essential 40 Stock ETF Announces Dividend

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

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.