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

GGM Macro Alignment ETF (NYSEARCA:GGM) was the target of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 104 shares, a decline of 65.2% from the May 14th total of 299 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 44 shares, the short-interest ratio is currently 2.4 days.

GGM Macro Alignment ETF Price Performance

Shares of GGM Macro Alignment ETF stock traded up $0.18 during trading on Friday, hitting $29.47. 3 shares of the stock were exchanged, compared to its average volume of 1,588. The stock has a market cap of $18.27 million, a price-to-earnings ratio of 23.78 and a beta of 0.61. The firm’s 50-day moving average price is $28.64 and its 200 day moving average price is $28.29. GGM Macro Alignment ETF has a 12-month low of $25.89 and a 12-month high of $29.70.

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.