MNV
Market News Video
MNV MNV 10 Oversold Stocks You Need To Know About
MNV
MNV
MNV
MNV
MNV
MNV
MNV
Free Dividend Report - Top Ranked Stocks

Featured MNV Articles:

Notable ETF Outflow Detected - RWO, DLR, ESS, GGP
Thursday, January 19, 10:48 AM ET, by Market News Video Staff

Symbols mentioned in this story: RWO, DLR, ESS, GGP Exchange traded funds (ETFs) trade just ...

ESS Makes Notable Cross Below Critical Moving Average
Wednesday, February 1, 4:08 PM ET, by Market News Video Staff

In trading on Wednesday, shares of Essex Property Trust Inc (ESS) crossed below their 200 ...

Vanguard REIT ETF Experiences Big Outflow
Thursday, February 2, 10:46 AM ET, by Market News Video Staff

Symbols mentioned in this story: VNQ, AVB, HCN, ESS Exchange traded funds (ETFs) trade just ...

Essex Property Trust (ESS) Shares Cross 3% Yield Mark
Tuesday, February 28, 3:08 PM ET, by Market News Video Staff

In trading on Tuesday, shares of Essex Property Trust Inc (ESS) were yielding above the ...

Essex Property Trust Becomes #49 Most Shorted S&P 500 Component, Replacing Chipotle Mexican Grill
Friday, March 10, 1:46 PM ET, by Market News Video Staff

The most recent short interest data has been released for the 02/28/2017 settlement date, and ...

  More articles:  1 2 next »

Short Interest In Essex Property Trust Declines 14.3%

By Market News Video Staff, Thursday, July 13, 1:16 PM ET
Play Video: What Short Interest Means


If the video does not load after a few moments, Upgrade to the Latest Flash Player.

The most recent short interest data has been released for the 06/30/2017 settlement date, which shows a 340,866 share decrease in total short interest for Essex Property Trust Inc (NYSE:ESS), to 2,045,160, a decrease of 14.29% since 06/15/2017. Total short interest is just one way to look at short data; another metric that we here at Dividend Channel find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares traded. The number of shares short is then compared to the average daily volume, in order to calculate the total number of trading days (at the average volume) it would take to close out all of the open short positions if every share traded represented a short position being closed. Average daily volume for ESS at the 06/30/2017 settlement increased to 357,027, as compared to 307,789 at the 06/15/2017 report. That brought "days to cover" down to 5.73, a 26.11% decrease from the 7.75 days to cover calculated at the previous short interest data release.

The below chart shows the historical "days to cover" for ESS at previous short interest release dates:

A decreased "days to cover" value could indicate that short sellers are no longer expecting the same decline in stock price they once were, or it could also indicate a long bet elsewhere was closed where ESS had been shorted as a hedge.

The chart below shows the one year performance of ESS shares, versus its 200 day moving average. Looking at this chart, ESS's low point in its 52 week range is $200.01 per share, with $268.97 as the 52 week high point that compares with a last trade of $252.81.

Essex Property Trust Inc Chart

According to the ETF Finder at ETF Channel, ESS makes up 5.12% of the iShares Residential Real Estate Capped ETF (REZ) which is lower by about 0.3% on the day Thursday.

See what other ETFs contain one
See what other stocks are held by REZ

According to Preferred Stock Channel, there is a series of preferred stock that is senior to ESS, which trades under the symbol ESS.PRH more info .


Top Six Most Viewed Stories This Week @ Market News Video:

This Article's Word Cloud:   According   Channel   Dividend   afterLeftLabels   also   another   average   been   below   both   chart   chartBackgroundColor   closed   compared   could   cover   daily   data   date   days   decrease   fillColor   indicate   interest   longer   makes   metric   movingAverages   number   other   period   point   previous   release   settlement   share   shares   short   shows   stock   symbol   that   total   traded   trades   volume   week   what   which   with
MNV
MNV
About Us - Advertise - Contact Us - Embedding Videos - Licensing Videos - Partners - mRSS / RSS Feed - Terms of Use - Privacy Policy - Video Widget
MNV
Home  |  Analyst News  Dividend Report  ETFs  Insider Report  Large Caps  Market Movers  Week Ahead Report  Weekly Market Wrap
MNV
MNV MNV Portfolio Channel Stock Market Definitions
MNV

Short Interest In Essex Property Trust Declines 14.3% | Market News Video | Copyright © 2008 - 2017, All Rights Reserved

Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners. In no way should any content contained herein be interpreted to represent trading or investment advice. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.