Short Interest in Hennessy Sustainable ETF (NASDAQ:STNC) Increases By 5,337.8%

Hennessy Sustainable ETF (NASDAQ:STNC) was the target of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 2,012 shares, an increase of 5,337.8% from the April 15th total of 37 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 4,732 shares, the short-interest ratio is currently 0.4 days.

Hennessy Sustainable ETF Stock Performance

Shares of STNC traded up $0.04 during trading hours on Monday, hitting $36.13. The stock had a trading volume of 110 shares, compared to its average volume of 2,664. Hennessy Sustainable ETF has a 12-month low of $29.61 and a 12-month high of $36.39. The firm has a market cap of $92.85 million, a P/E ratio of 19.83 and a beta of 0.86. The company’s fifty day simple moving average is $34.98 and its 200 day simple moving average is $34.17.

Hedge Funds Weigh In On Hennessy Sustainable ETF

A number of large investors have recently modified their holdings of STNC. Osaic Holdings Inc. acquired a new position in shares of Hennessy Sustainable ETF in the 2nd quarter valued at about $84,000. Raymond James Financial Inc. acquired a new stake in Hennessy Sustainable ETF during the 2nd quarter worth approximately $96,000. O Shaughnessy Asset Management LLC acquired a new stake in Hennessy Sustainable ETF during the 4th quarter worth approximately $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 valued at $383,000 after buying an additional 5,005 shares during the period.

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.