Essential 40 Stock ETF (NASDAQ:ESN) Short Interest Up 131.1% in March
by Renee Jackson · The Cerbat GemEssential 40 Stock ETF (NASDAQ:ESN – Get Free Report) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 40,179 shares, an increase of 131.1% from the March 15th total of 17,387 shares. Based on an average daily trading volume, of 55,521 shares, the short-interest ratio is presently 0.7 days. Currently, 0.3% of the company’s shares are sold short.
Essential 40 Stock ETF Stock Performance
ESN traded up $0.10 during midday trading on Monday, reaching $18.07. 12,636 shares of the company were exchanged, compared to its average volume of 51,966. Essential 40 Stock ETF has a one year low of $14.16 and a one year high of $18.52. The stock has a market capitalization of $232.92 million, a P/E ratio of 19.18 and a beta of 0.72. The stock’s 50-day simple moving average is $17.96 and its 200 day simple moving average is $17.53.
Hedge Funds Weigh In On Essential 40 Stock ETF
An institutional investor recently raised its position in Essential 40 Stock ETF stock. Legacy Financial Group LLC increased its holdings in shares of Essential 40 Stock ETF (NASDAQ:ESN – Free Report) by 3.3% during the 4th quarter, according to 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 purchasing an additional 59,758 shares during the period. Essential 40 Stock ETF makes up 4.3% of Legacy Financial Group LLC’s portfolio, making the stock its 6th biggest position. Legacy Financial Group LLC owned approximately 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.