Electromed (ELMD) Sees Strong Trading Volume

Electromed, Inc. (NYSEAMERICAN:ELMD) shares saw an uptick in trading volume on Wednesday . 1,029,600 shares were traded during trading, an increase of 6,046% from the previous session’s volume of 16,753 shares.The stock last traded at $6.65 and had previously closed at $5.50.

Several hedge funds and other institutional investors have recently bought and sold shares of ELMD. Gabelli Funds LLC increased its position in Electromed by 53.9% during the 2nd quarter. Gabelli Funds LLC now owns 55,267 shares of the medical equipment provider’s stock worth $300,000 after purchasing an additional 19,367 shares in the last quarter. Teton Advisors Inc. increased its position in Electromed by 13.1% during the 2nd quarter. Teton Advisors Inc. now owns 111,616 shares of the medical equipment provider’s stock worth $605,000 after purchasing an additional 12,962 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in Electromed by 39.9% during the 2nd quarter. Renaissance Technologies LLC now owns 41,700 shares of the medical equipment provider’s stock worth $226,000 after purchasing an additional 11,901 shares in the last quarter.

Electromed Company Profile (NYSEAMERICAN:ELMD)

Electromed, Inc develops, manufactures, markets, and sells airway clearance therapy and related products in the United States and internationally. The company offers SmartVest airway clearance system that consists of an inflatable therapy garment, a programmable air pulse generator, and a patented single-hose that delivers air pulses from the generator to the garment to patients with compromised pulmonary function; and SmartVest SQL System that provides advanced generator programmability and an enhanced pause feature with save, lock, and restore functionality.

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