Short Interest in GGM Macro Alignment ETF (NYSEARCA:GGM) Increases By 1,230.6%

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

GGM Macro Alignment ETF Trading Up 0.3%

GGM stock opened at $31.72 on Thursday. The firm has a 50-day moving average of $30.75 and a two-hundred day moving average of $29.39. GGM Macro Alignment ETF has a 12 month low of $26.13 and a 12 month high of $31.90. The company has a market cap of $20.30 million, a price-to-earnings ratio of 23.78 and a beta of 0.57.

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.