Short Interest in Essential 40 Stock ETF (NASDAQ:ESN) Drops By 85.8%

Essential 40 Stock ETF (NASDAQ:ESN) was the target of a large decline in short interest during 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. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 37,571 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 37,571 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On Essential 40 Stock ETF

An institutional investor recently bought a new position in Essential 40 Stock ETF stock. Janney Montgomery Scott LLC acquired a new position in Essential 40 Stock ETF (NASDAQ:ESN) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 37,643 shares of the company’s stock, valued at approximately $646,000. Janney Montgomery Scott LLC owned about 0.32% of Essential 40 Stock ETF as of its most recent SEC filing.

Essential 40 Stock ETF Trading Up 0.2%

Essential 40 Stock ETF stock opened at $18.21 on Thursday. The stock has a 50-day moving average price of $17.79 and a two-hundred day moving average price of $17.25. Essential 40 Stock ETF has a 12 month low of $13.53 and a 12 month high of $18.52. The company has a market capitalization of $213.97 million, a PE ratio of 19.18 and a beta of 0.79.

Essential 40 Stock ETF Dividend Announcement

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

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.