GGM Macro Alignment ETF (NYSEARCA:GGM) Sees Large Drop in Short Interest

GGM Macro Alignment ETF (NYSEARCA:GGM) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 100 shares, a drop of 72.6% from the September 30th total of 365 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 1,216 shares, the days-to-cover ratio is currently 0.1 days.

GGM Macro Alignment ETF Stock Performance

Shares of NYSEARCA GGM traded up $0.02 during midday trading on Thursday, hitting $30.66. 7 shares of the stock traded hands, compared to its average volume of 1,413. The company has a market cap of $20.24 million, a PE ratio of 23.78 and a beta of 0.58. GGM Macro Alignment ETF has a one year low of $26.13 and a one year high of $31.90. The business has a 50 day moving average price of $30.97 and a two-hundred day moving average price of $29.61.

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.