Elm Market Navigator ETF (NYSEARCA:ELM) Stock Short Interest Climbs 250.9%

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Elm Market Navigator ETF stock. OLD Second National Bank of Aurora purchased a new stake in shares of Elm Market Navigator ETF (NYSEARCA:ELM) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 10,000 shares of the company’s stock, valued at approximately $292,000.

Elm Market Navigator ETF Stock Up 0.1%

Shares of Elm Market Navigator ETF stock traded up $0.03 during trading on Wednesday, reaching $29.29. 10,978 shares of the stock were exchanged, compared to its average volume of 27,859. The stock’s fifty day moving average is $29.45 and its 200 day moving average is $28.77. The firm has a market cap of $597.52 million, a price-to-earnings ratio of 17.56 and a beta of 0.50. Elm Market Navigator ETF has a 1 year low of $26.58 and a 1 year high of $29.90.

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.