Elm Market Navigator ETF (NYSEARCA:ELM) Sees Large Drop in Short Interest

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

Elm Market Navigator ETF Trading Up 0.3%

ELM stock traded up $0.10 during midday trading on Friday, hitting $29.30. The stock had a trading volume of 39,987 shares, compared to its average volume of 27,936. Elm Market Navigator ETF has a 52 week low of $26.58 and a 52 week high of $29.90. The stock has a 50-day simple moving average of $29.51 and a 200 day simple moving average of $28.91. The firm has a market capitalization of $593.30 million, a price-to-earnings ratio of 17.56 and a beta of 0.49.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Elm Market Navigator ETF stock. First National Bank Sioux Falls raised its stake in shares of Elm Market Navigator ETF (NYSEARCA:ELM) by 101.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 64,797 shares of the company’s stock after purchasing an additional 32,562 shares during the quarter. First National Bank Sioux Falls owned 0.34% of Elm Market Navigator ETF worth $1,837,000 as of its most recent filing with the Securities and Exchange Commission.

About Elm Market Navigator ETF

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.