Short Interest in Elm Market Navigator ETF (NYSEARCA:ELM) Drops By 40.2%

Elm Market Navigator ETF (NYSEARCA:ELM) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 45,048 shares, a decline of 40.2% from the August 15th total of 75,285 shares. Based on an average trading volume of 28,029 shares, the short-interest ratio is presently 1.6 days. Approximately 0.2% of the company’s stock are sold short.

Elm Market Navigator ETF Trading Down 0.1%

NYSEARCA ELM traded down $0.04 on Wednesday, hitting $29.20. 43,779 shares of the company were exchanged, compared to its average volume of 28,074. The company has a market cap of $580.50 million, a PE ratio of 17.56 and a beta of 0.49. The stock has a fifty day moving average of $29.45 and a 200-day moving average of $28.79. Elm Market Navigator ETF has a 12 month low of $26.58 and a 12 month high of $29.90.

Hedge Funds Weigh In On Elm Market Navigator ETF

An institutional investor recently raised its position in Elm Market Navigator ETF stock. First National Bank Sioux Falls boosted its position in Elm Market Navigator ETF (NYSEARCA:ELM) by 101.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 approximately 0.34% of Elm Market Navigator ETF worth $1,837,000 at the end of the most recent quarter.

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.