GGM Macro Alignment ETF (NYSEARCA:GGM) Short Interest Update

GGM Macro Alignment ETF (NYSEARCA:GGM) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 3,566 shares, a growth of 1,230.6% from the July 30th total of 268 shares. Based on an average daily trading volume, of 3,202 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.6% of the shares of the company are sold short.

GGM Macro Alignment ETF Stock Performance

Shares of NYSEARCA GGM traded up $0.01 during midday trading on Wednesday, reaching $31.70. The company’s stock had a trading volume of 638 shares, compared to its average volume of 1,380. The company has a market cap of $20.29 million, a P/E ratio of 23.78 and a beta of 0.57. The business’s 50 day moving average price is $30.71 and its two-hundred day moving average price is $29.37. GGM Macro Alignment ETF has a fifty-two week low of $26.13 and a fifty-two week high of $31.90.

GGM Macro Alignment ETF Company Profile

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.