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

Elm Market Navigator ETF (NYSEARCA:ELM) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 26,447 shares, a decline of 41.3% from the August 31st total of 45,048 shares. Based on an average trading volume of 23,995 shares, the short-interest ratio is currently 1.1 days. Currently, 0.1% of the company’s stock are sold short.

Elm Market Navigator ETF Trading Up 0.2%

Shares of NYSEARCA ELM traded up $0.06 during midday trading on Wednesday, reaching $29.36. The company had a trading volume of 18,229 shares, compared to its average volume of 27,704. The business’s 50-day simple moving average is $29.50 and its 200 day simple moving average is $28.89. Elm Market Navigator ETF has a 1 year low of $26.58 and a 1 year high of $29.90. The stock has a market cap of $592.97 million, a P/E ratio of 17.56 and a beta of 0.49.

Institutional Investors Weigh In On Elm Market Navigator ETF

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 1st quarter, according to the company in its most recent Form 13F filing 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 filing with the Securities & Exchange Commission.

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.