Hennessy Sustainable ETF (NASDAQ:STNC) Sees Significant Decrease in Short Interest

Hennessy Sustainable ETF (NASDAQ:STNC) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 24 shares, a decrease of 98.8% from the April 30th total of 2,012 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 1,143 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On Hennessy Sustainable ETF

Hedge funds have recently made changes to their positions in the stock. Osaic Holdings Inc. bought a new stake in shares of Hennessy Sustainable ETF in the second quarter valued at about $84,000. Raymond James Financial Inc. bought a new position in Hennessy Sustainable ETF during the second quarter worth about $96,000. O Shaughnessy Asset Management LLC bought a new position in Hennessy Sustainable ETF during the fourth quarter worth about $202,000. Finally, Cetera Investment Advisers lifted its stake in Hennessy Sustainable ETF by 67.6% during 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 during the period.

Hennessy Sustainable ETF Stock Down 0.0%

STNC stock traded down $0.00 during mid-day trading on Thursday, reaching $36.65. 30 shares of the stock traded hands, compared to its average volume of 2,432. Hennessy Sustainable ETF has a 52 week low of $29.88 and a 52 week high of $36.71. The business has a 50-day moving average of $35.20 and a two-hundred day moving average of $34.44. The firm has a market capitalization of $94.19 million, a PE ratio of 19.83 and a beta of 0.86.

Hennessy Sustainable ETF Company Profile

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.