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

Elm Market Navigator ETF (NYSEARCA:ELM) was the target 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. Based on an average trading volume of 21,567 shares, the days-to-cover ratio is presently 3.8 days. Currently, 0.4% of the company’s shares are sold short.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Elm Market Navigator ETF stock. First National Bank Sioux Falls raised its position in shares of Elm Market Navigator ETF (NYSEARCA:ELM) by 101.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 64,797 shares of the company’s stock after buying 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 at the end of the most recent reporting period.

Elm Market Navigator ETF Price Performance

Shares of Elm Market Navigator ETF stock opened at $29.17 on Friday. Elm Market Navigator ETF has a one year low of $25.70 and a one year high of $29.52. The business’s 50 day simple moving average is $28.98 and its two-hundred day simple moving average is $28.23. The stock has a market capitalization of $575.52 million, a P/E ratio of 17.56 and a beta of 0.49.

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.