Short Interest in Essential 40 Stock ETF (NASDAQ:ESN) Declines By 76.7%

Essential 40 Stock ETF (NASDAQ:ESN) was the target of a large decline in short interest in July. As of July 15th, there was short interest totaling 37,422 shares, a decline of 76.7% from the June 30th total of 160,278 shares. Based on an average daily trading volume, of 55,546 shares, the short-interest ratio is presently 0.7 days. Approximately 0.2% of the shares of the stock are sold short.

Essential 40 Stock ETF Trading Up 0.4%

Shares of NASDAQ ESN opened at $19.86 on Friday. The company’s 50-day moving average price is $19.71 and its 200 day moving average price is $18.66. Essential 40 Stock ETF has a 52 week low of $15.78 and a 52 week high of $20.21. The stock has a market cap of $302.47 million, a price-to-earnings ratio of 19.18 and a beta of 0.71.

Institutional Trading of Essential 40 Stock ETF

A hedge fund recently raised its stake in Essential 40 Stock ETF stock. Legacy Financial Group LLC grew its holdings in Essential 40 Stock ETF (NASDAQ:ESN) by 3.3% during the 4th quarter, according to its most recent Form 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 makes up approximately 4.3% of Legacy Financial Group LLC’s portfolio, making the stock its 6th largest holding. Legacy Financial Group LLC owned 16.10% of Essential 40 Stock ETF worth $34,382,000 as of its most recent SEC filing.

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.