Elm Market Navigator ETF (NYSEARCA:ELM) Short Interest Down 40.2% in August

Elm Market Navigator ETF (NYSEARCA:ELM) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 45,048 shares, a decrease of 40.2% from the August 15th total of 75,285 shares. Based on an average daily trading volume, of 28,029 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Elm Market Navigator ETF stock. First National Bank Sioux Falls lifted its position in Elm Market Navigator ETF (NYSEARCA:ELM) by 101.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 about 0.34% of Elm Market Navigator ETF worth $1,837,000 at the end of the most recent quarter.

Elm Market Navigator ETF Trading Down 0.1%

Shares of ELM stock traded down $0.03 during trading hours on Friday, reaching $29.38. The stock had a trading volume of 23,866 shares, compared to its average volume of 28,043. The stock’s fifty day simple moving average is $29.45 and its 200 day simple moving average is $28.80. The firm has a market capitalization of $584.13 million, a PE ratio of 17.56 and a beta of 0.49. Elm Market Navigator ETF has a 12 month low of $26.58 and a 12 month high of $29.90.

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.