Short Interest in Hennessy Sustainable ETF (NASDAQ:STNC) Decreases By 98.8%

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

Hennessy Sustainable ETF Price Performance

Shares of NASDAQ STNC traded down $0.15 during midday trading on Wednesday, hitting $36.56. The stock had a trading volume of 31 shares, compared to its average volume of 2,432. The company’s 50-day simple moving average is $35.16 and its 200 day simple moving average is $34.41. The firm has a market cap of $93.96 million, a P/E ratio of 19.83 and a beta of 0.86. Hennessy Sustainable ETF has a fifty-two week low of $29.88 and a fifty-two week high of $36.71.

Institutional Investors Weigh In On Hennessy Sustainable ETF

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

Hennessy Sustainable ETF Company Profile

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.