Elm Market Navigator ETF (NYSEARCA:ELM) Short Interest Update

Elm Market Navigator ETF (NYSEARCA:ELM) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 45,048 shares, a decrease of 40.2% from the August 15th total of 75,285 shares. Based on an average daily volume of 28,029 shares, the short-interest ratio is presently 1.6 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Elm Market Navigator ETF stock. First National Bank Sioux Falls increased its stake in shares of Elm Market Navigator ETF (NYSEARCA:ELM) by 101.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,797 shares of the company’s stock after acquiring an additional 32,562 shares during the period. First National Bank Sioux Falls owned about 0.34% of Elm Market Navigator ETF worth $1,837,000 as of its most recent SEC filing.

Elm Market Navigator ETF Price Performance

Shares of ELM traded up $0.21 during mid-day trading on Thursday, reaching $29.41. The company had a trading volume of 28,283 shares, compared to its average volume of 28,082. The company has a market capitalization of $584.67 million, a P/E ratio of 17.56 and a beta of 0.49. Elm Market Navigator ETF has a twelve month low of $26.58 and a twelve month high of $29.90. The company’s 50-day moving average is $29.45 and its 200-day moving average is $28.80.

Elm Market Navigator ETF Company Profile

The Elm Market Navigator ETF (ELM) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund-of-funds with broad exposure to the global equity and fixed income markets. It combines the elements of passive and active investing in one basket. ELM was launched on Dec 31, 2011 and is issued by Elm.