Short Interest in Elm Market Navigator ETF (NYSEARCA:ELM) Increases By 73.4%

Elm Market Navigator ETF (NYSEARCA:ELM) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 80,882 shares, an increase of 73.4% from the May 31st total of 46,634 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 21,567 shares, the days-to-cover ratio is currently 3.8 days.

Elm Market Navigator ETF Stock Down 0.2%

NYSEARCA ELM traded down $0.06 during trading hours on Thursday, hitting $29.11. The company had a trading volume of 17,820 shares, compared to its average volume of 30,096. The firm has a market cap of $574.34 million, a P/E ratio of 17.56 and a beta of 0.49. Elm Market Navigator ETF has a fifty-two week low of $25.70 and a fifty-two week high of $29.52. The business has a fifty day simple moving average of $28.96 and a 200-day simple moving average of $28.22.

Institutional Trading of Elm Market Navigator ETF

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

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.