GammaRoad Market Navigation ETF (NYSEARCA:GMMA) Sees Significant Decline in Short Interest

GammaRoad Market Navigation ETF (NYSEARCA:GMMA) was the recipient of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 389 shares, a decline of 38.4% from the April 30th total of 632 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 318 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Investors Weigh In On GammaRoad Market Navigation ETF

An institutional investor recently bought a new position in GammaRoad Market Navigation ETF stock. Flow Traders U.S. LLC purchased a new stake in GammaRoad Market Navigation ETF (NYSEARCA:GMMA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 22,164 shares of the company’s stock, valued at approximately $455,000. Flow Traders U.S. LLC owned 7.92% of GammaRoad Market Navigation ETF at the end of the most recent reporting period.

GammaRoad Market Navigation ETF Price Performance

Shares of GammaRoad Market Navigation ETF stock opened at $21.80 on Friday. The firm has a market capitalization of $6.54 million, a PE ratio of 25.87 and a beta of 0.36. The company’s fifty day moving average price is $21.11 and its two-hundred day moving average price is $21.26. GammaRoad Market Navigation ETF has a 52-week low of $19.89 and a 52-week high of $21.84.

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.