Short Interest in Essential 40 Stock ETF (NASDAQ:ESN) Increases By 756.1%

by · The Markets Daily

Essential 40 Stock ETF (NASDAQ:ESN – Get Free Report) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 86,505 shares, a growth of 756.1% from the December 15th total of 10,105 shares. Based on an average daily trading volume, of 65,044 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.8% of the shares of the stock are sold short. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 65,044 shares, the days-to-cover ratio is presently 1.3 days.

Essential 40 Stock ETF Trading Up 0.2%

NASDAQ ESN traded up $0.03 on Monday, hitting $17.77. 42,736 shares of the company were exchanged, compared to its average volume of 51,334. Essential 40 Stock ETF has a 1-year low of $13.53 and a 1-year high of $17.77. The firm has a 50 day moving average of $17.19 and a two-hundred day moving average of $16.82. The company has a market cap of $199.38 million, a P/E ratio of 19.18 and a beta of 0.79.

Essential 40 Stock ETF Announces Dividend

The business also recently declared an annual dividend, which was paid on Friday, December 19th. Stockholders of record on Thursday, December 11th were paid a dividend of $0.156 per share. This represents a dividend yield of 91.0%. The ex-dividend date of this dividend was Thursday, December 11th.

About Essential 40 Stock ETF

(Get Free Report)

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.

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