Essential 40 Stock ETF (NASDAQ:ESN) Short Interest Update

Essential 40 Stock ETF (NASDAQ:ESN) was the recipient of a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 7,473 shares, a decline of 85.8% from the January 29th total of 52,715 shares. Based on an average trading volume of 37,571 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 37,571 shares, the short-interest ratio is currently 0.2 days.

Essential 40 Stock ETF Price Performance

Shares of Essential 40 Stock ETF stock traded up $0.04 on Wednesday, hitting $18.21. The company had a trading volume of 114,859 shares, compared to its average volume of 54,875. The stock has a 50-day moving average of $17.77 and a 200-day moving average of $17.24. Essential 40 Stock ETF has a twelve month low of $13.53 and a twelve month high of $18.52. The firm has a market capitalization of $213.97 million, a P/E ratio of 19.18 and a beta of 0.79.

Essential 40 Stock ETF Announces Dividend

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Essential 40 Stock ETF stock. Legacy Financial Group LLC increased its stake in Essential 40 Stock ETF (NASDAQ:ESN) by 3.3% in the 4th quarter, according to the company in its most recent 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 quarter. Essential 40 Stock ETF makes up 4.3% of Legacy Financial Group LLC’s holdings, making the stock its 6th biggest position. Legacy Financial Group LLC owned about 16.10% of Essential 40 Stock ETF worth $34,382,000 as of its most recent filing with the Securities and Exchange Commission.

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.