Elm Market Navigator ETF (NYSEARCA:ELM) Short Interest Up 73.4% in June

Elm Market Navigator ETF (NYSEARCA:ELM) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 80,882 shares, a growth 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 currently 3.8 days. Approximately 0.4% of the shares of the company are short sold.

Elm Market Navigator ETF Price Performance

Shares of NYSEARCA ELM traded down $0.06 during midday trading on Thursday, reaching $29.11. 17,820 shares of the company traded hands, compared to its average volume of 30,096. The stock has a 50-day moving average price of $28.96 and a 200 day moving average price of $28.22. The company has a market cap of $574.34 million, a price-to-earnings ratio of 17.56 and a beta of 0.49. Elm Market Navigator ETF has a 52 week low of $25.70 and a 52 week high of $29.52.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Elm Market Navigator ETF stock. First National Bank Sioux Falls increased its position in shares of Elm Market Navigator ETF (NYSEARCA:ELM) by 220.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,235 shares of the company’s stock after acquiring an additional 22,160 shares during the period. First National Bank Sioux Falls owned approximately 0.17% of Elm Market Navigator ETF worth $878,000 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.