Hennessy Sustainable ETF (NASDAQ:STNC) Sees Large Increase in Short Interest

Hennessy Sustainable ETF (NASDAQ:STNC) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 927 shares, an increase of 3,465.4% from the June 30th total of 26 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,003 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of Hennessy Sustainable ETF

A number of institutional investors and hedge funds have recently modified their holdings of STNC. Osaic Holdings Inc. acquired a new position in shares of Hennessy Sustainable ETF during the 2nd quarter worth about $84,000. Raymond James Financial Inc. acquired a new stake in Hennessy Sustainable ETF in the 2nd quarter worth about $96,000. O Shaughnessy Asset Management LLC purchased a new stake in Hennessy Sustainable ETF during the 4th quarter worth approximately $202,000. Finally, Cetera Investment Advisers increased its stake in Hennessy Sustainable ETF by 67.6% during the 2nd quarter. Cetera Investment Advisers now owns 12,410 shares of the company’s stock worth $383,000 after buying an additional 5,005 shares in the last quarter.

Hennessy Sustainable ETF Stock Performance

Hennessy Sustainable ETF stock traded down $0.18 during trading on Friday, reaching $36.69. The company had a trading volume of 1,038 shares, compared to its average volume of 2,181. The firm has a market capitalization of $92.46 million, a PE ratio of 19.83 and a beta of 0.84. The firm’s 50-day simple moving average is $36.78 and its 200 day simple moving average is $35.62. Hennessy Sustainable ETF has a 1-year low of $30.91 and a 1-year high of $38.53.

About Hennessy Sustainable ETF

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.