GammaRoad Market Navigation ETF (NYSEARCA:GMMA) Sees Large Increase in Short Interest

GammaRoad Market Navigation ETF (NYSEARCA:GMMA) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 807 shares, a growth of 107.5% from the May 14th total of 389 shares. Based on an average trading volume of 217 shares, the short-interest ratio is currently 3.7 days. Approximately 0.3% of the company’s shares are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in GammaRoad Market Navigation ETF stock. Flow Traders U.S. LLC purchased a new stake in shares of GammaRoad Market Navigation ETF (NYSEARCA:GMMA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 22,164 shares of the company’s stock, valued at approximately $455,000. Flow Traders U.S. LLC owned approximately 7.92% of GammaRoad Market Navigation ETF as of its most recent SEC filing.

GammaRoad Market Navigation ETF Stock Up 0.3%

Shares of GMMA traded up $0.07 during mid-day trading on Friday, hitting $21.48. The company had a trading volume of 113 shares, compared to its average volume of 597. The business’s 50-day simple moving average is $21.18 and its 200-day simple moving average is $21.27. GammaRoad Market Navigation ETF has a 1-year low of $19.89 and a 1-year high of $21.84. The stock has a market cap of $6.44 million, a PE ratio of 25.87 and a beta of 0.36.

GammaRoad Market Navigation ETF Company Profile

The GammaRoad Market Navigation ETF (GMMA) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is actively managed, seeking capital growth through a portfolio that can alternate allocations between US large-cap equities and US T-Bills based on daily market conditions. The fund may allocate to a 2x leveraged ETF. GMMA was launched on Sep 16, 2024 and is issued by GammaRoad.