Essential 40 Stock ETF (NASDAQ:ESN) Sees Significant Decline in Short Interest

Essential 40 Stock ETF (NASDAQ:ESN) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 24,700 shares, a decline of 56.8% from the September 15th total of 57,200 shares. Based on an average daily volume of 58,800 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 58,800 shares, the short-interest ratio is presently 0.4 days.

Essential 40 Stock ETF Stock Up 0.4%

Shares of ESN stock opened at $17.08 on Friday. The business has a 50-day moving average price of $16.78 and a two-hundred day moving average price of $15.94. Essential 40 Stock ETF has a 12-month low of $13.53 and a 12-month high of $17.34. The firm has a market cap of $177.97 million, a P/E ratio of 19.18 and a beta of 0.87.

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.