Essential 40 Stock ETF (NASDAQ:ESN) Sees Large Increase in Short Interest

Essential 40 Stock ETF (NASDAQ:ESN) saw a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 30,085 shares, a growth of 302.6% from the February 12th total of 7,473 shares. Based on an average daily trading volume, of 64,292 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.3% of the company’s shares are short sold. Currently, 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 64,292 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Essential 40 Stock ETF stock. Legacy Financial Group LLC increased its holdings in Essential 40 Stock ETF (NASDAQ:ESN) by 3.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,891,621 shares of the company’s stock after acquiring an additional 59,758 shares during the quarter. Essential 40 Stock ETF comprises about 4.3% of Legacy Financial Group LLC’s investment portfolio, making the stock its 6th biggest holding. Legacy Financial Group LLC owned about 16.10% of Essential 40 Stock ETF worth $34,382,000 at the end of the most recent quarter.

Essential 40 Stock ETF Price Performance

ESN stock opened at $17.91 on Friday. Essential 40 Stock ETF has a 1 year low of $13.53 and a 1 year high of $18.52. The firm has a 50-day moving average of $18.00 and a 200 day moving average of $17.38. The company has a market cap of $210.44 million, a P/E ratio of 19.18 and a beta of 0.79.

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.