Short Interest in Essential 40 Stock ETF (NASDAQ:ESN) Decreases By 85.8%

Essential 40 Stock ETF (NASDAQ:ESN) was the target of a significant decrease in short interest during the month of February. As of February 13th, there was short interest totaling 7,473 shares, a decrease of 85.8% from the January 29th total of 52,715 shares. Based on an average daily volume of 37,571 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are sold short. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 37,571 shares, the short-interest ratio is presently 0.2 days.

Essential 40 Stock ETF Trading Up 0.2%

NASDAQ:ESN traded up $0.04 during trading hours on Wednesday, hitting $18.21. 114,859 shares of the stock traded hands, compared to its average volume of 54,875. The firm has a 50 day moving average price of $17.77 and a 200 day moving average price of $17.24. The firm has a market cap of $213.97 million, a price-to-earnings ratio of 19.18 and a beta of 0.79. Essential 40 Stock ETF has a fifty-two week low of $13.53 and a fifty-two week high of $18.52.

Essential 40 Stock ETF Dividend Announcement

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

Hedge Funds Weigh In On Essential 40 Stock ETF

An institutional investor recently bought a new position in Essential 40 Stock ETF stock. Janney Montgomery Scott LLC purchased a new position in shares of Essential 40 Stock ETF (NASDAQ:ESN) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 37,643 shares of the company’s stock, valued at approximately $646,000. Janney Montgomery Scott LLC owned approximately 0.32% of Essential 40 Stock ETF as of its most recent filing with the SEC.

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.