GGM Macro Alignment ETF (NYSEARCA:GGM) Short Interest Down 65.2% in May

GGM Macro Alignment ETF (NYSEARCA:GGM) was the recipient of a large decline in short interest in May. As of May 29th, there was short interest totaling 104 shares, a decline of 65.2% from the May 14th total of 299 shares. Based on an average daily trading volume, of 44 shares, the short-interest ratio is currently 2.4 days. Approximately 0.0% of the shares of the company are sold short.

GGM Macro Alignment ETF Stock Up 0.6%

GGM traded up $0.18 during trading hours on Friday, reaching $29.47. 3 shares of the company’s stock traded hands, compared to its average volume of 1,588. The firm has a 50-day moving average price of $28.64 and a 200 day moving average price of $28.29. GGM Macro Alignment ETF has a 52-week low of $25.89 and a 52-week high of $29.70. The firm has a market capitalization of $18.27 million, a PE ratio of 23.78 and a beta of 0.61.

About GGM Macro Alignment ETF

The GGM Macro Alignment ETF (GGM) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds that seeks long-term capital appreciation by dynamically shifting investments best suited for the prevailing macroeconomic environment. Holdings consist of five underlying ETFs representing distinct US equity market sectors, sub-sectors, and market styles, including fixed income. GGM was launched on Sep 27, 2023 and is issued by GGM.