Elm Market Navigator ETF (NYSEARCA:ELM – Get Free Report) was the target of a significant decrease in short interest during the month of 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. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 28,029 shares, the days-to-cover ratio is presently 1.6 days.
Elm Market Navigator ETF Stock Performance
Shares of ELM stock traded down $0.04 during mid-day trading on Wednesday, hitting $29.20. The company’s stock had a trading volume of 43,779 shares, compared to its average volume of 28,074. The company’s fifty day simple moving average is $29.45 and its 200-day simple moving average is $28.79. Elm Market Navigator ETF has a 52 week low of $26.58 and a 52 week high of $29.90. The company has a market cap of $580.50 million, a PE ratio of 17.56 and a beta of 0.49.
Institutional Investors 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 raised its holdings in Elm Market Navigator ETF (NYSEARCA:ELM – Free Report) by 101.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 64,797 shares of the company’s stock after buying an additional 32,562 shares during the quarter. First National Bank Sioux Falls owned 0.34% of Elm Market Navigator ETF worth $1,837,000 as of its most recent SEC filing.
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.
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