Elm Market Navigator ETF (NYSEARCA:ELM) Shares Shorted: Short Interest Up 250.9% in October

Elm Market Navigator ETF (NYSEARCA:ELM) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 58,016 shares, an increase of 250.9% from the September 30th total of 16,533 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 23,821 shares, the short-interest ratio is presently 2.4 days.

Elm Market Navigator ETF Trading Down 0.6%

ELM stock traded down $0.17 during mid-day trading on Friday, hitting $29.10. The stock had a trading volume of 55,793 shares, compared to its average volume of 27,923. The firm has a fifty day simple moving average of $29.44 and a 200 day simple moving average of $28.78. The firm has a market capitalization of $593.64 million, a P/E ratio of 17.56 and a beta of 0.50. Elm Market Navigator ETF has a 52 week low of $26.58 and a 52 week high of $29.90.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Elm Market Navigator ETF stock. OLD Second National Bank of Aurora acquired a new position in shares of Elm Market Navigator ETF (NYSEARCA:ELM) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,000 shares of the company’s stock, valued at approximately $292,000.

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.