Short Interest in Hennessy Sustainable ETF (NASDAQ:STNC) Expands By 3,465.4%

Hennessy Sustainable ETF (NASDAQ:STNC) saw a significant increase in short interest in July. As of July 15th, there was short interest totaling 927 shares, an increase of 3,465.4% from the June 30th total of 26 shares. Based on an average daily volume of 2,003 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.0% of the company’s shares are short sold.

Hedge Funds Weigh In On Hennessy Sustainable ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Osaic Holdings Inc. bought a new position in Hennessy Sustainable ETF in the second quarter worth approximately $84,000. Raymond James Financial Inc. bought a new stake in Hennessy Sustainable ETF during the second quarter valued at about $96,000. O Shaughnessy Asset Management LLC purchased a new position in Hennessy Sustainable ETF in the fourth quarter valued at about $202,000. Finally, Cetera Investment Advisers raised its holdings in Hennessy Sustainable ETF by 67.6% in the second quarter. Cetera Investment Advisers now owns 12,410 shares of the company’s stock worth $383,000 after purchasing an additional 5,005 shares in the last quarter.

Hennessy Sustainable ETF Price Performance

Shares of STNC stock traded down $0.18 during mid-day trading on Friday, hitting $36.69. The stock had a trading volume of 1,038 shares, compared to its average volume of 2,181. Hennessy Sustainable ETF has a 12-month low of $30.91 and a 12-month high of $38.53. The firm’s 50-day moving average is $36.78 and its two-hundred day moving average is $35.62. The firm has a market capitalization of $92.46 million, a P/E ratio of 19.83 and a beta of 0.84.

About Hennessy Sustainable ETF

The Hennessy Stance ESG ETF (STNC) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed, non-transparent ETF that holds a concentrated portfolio of US firms screened for ESG criteria. The fund utilizes the Blue Tractor non-transparent model. STNC was launched on Mar 16, 2021 and is issued by Hennessy.