Essential 40 Stock ETF (NASDAQ:ESN – Get Free Report) was the target of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 220,396 shares, an increase of 179.3% from the May 31st total of 78,920 shares. Approximately 1.7% of the shares of the company are short sold. Based on an average daily trading volume, of 95,336 shares, the short-interest ratio is presently 2.3 days.
Institutional Trading of Essential 40 Stock ETF
An institutional investor recently bought a new stake in Essential 40 Stock ETF stock. Janney Montgomery Scott LLC acquired a new position in Essential 40 Stock ETF (NASDAQ:ESN – Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 37,643 shares of the company’s stock, valued at approximately $646,000. Janney Montgomery Scott LLC owned 0.32% of Essential 40 Stock ETF at the end of the most recent quarter.
Essential 40 Stock ETF Price Performance
NASDAQ:ESN traded up $0.13 during midday trading on Monday, reaching $19.81. The stock had a trading volume of 28,267 shares, compared to its average volume of 63,024. The stock has a market capitalization of $262.88 million, a P/E ratio of 19.18 and a beta of 0.72. Essential 40 Stock ETF has a 1-year low of $15.78 and a 1-year high of $20.02. The firm’s fifty day simple moving average is $19.25 and its 200-day simple moving average is $18.29.
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.
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