Essential 40 Stock ETF (NASDAQ:ESN) Short Interest Up 179.3% in June

Essential 40 Stock ETF (NASDAQ:ESN) was the recipient of a large increase in short interest during 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. Currently, 1.7% of the shares of the company are sold short. Based on an average daily trading volume, of 95,336 shares, the days-to-cover ratio is currently 2.3 days.

Essential 40 Stock ETF Stock Up 0.6%

ESN stock traded up $0.12 during mid-day trading on Tuesday, reaching $19.92. The company had a trading volume of 14,727 shares, compared to its average volume of 62,620. The stock has a market capitalization of $264.34 million, a P/E ratio of 19.18 and a beta of 0.72. Essential 40 Stock ETF has a one year low of $15.78 and a one year high of $20.02. The stock’s 50-day simple moving average is $19.28 and its two-hundred day simple moving average is $18.31.

Institutional Trading of Essential 40 Stock ETF

A hedge fund recently raised its stake in Essential 40 Stock ETF stock. Legacy Financial Group LLC grew its holdings in shares of Essential 40 Stock ETF (NASDAQ:ESN) by 3.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,891,621 shares of the company’s stock after buying an additional 59,758 shares during the period. Essential 40 Stock ETF accounts for about 4.3% of Legacy Financial Group LLC’s investment portfolio, making the stock its 6th biggest holding. Legacy Financial Group LLC owned 16.10% of Essential 40 Stock ETF worth $34,382,000 at the end of the most recent quarter.

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.