GammaRoad Market Navigation ETF (NYSEARCA:GMMA) Short Interest Update

GammaRoad Market Navigation ETF (NYSEARCA:GMMA) was the recipient of a significant increase in short interest in May. As of May 29th, there was short interest totaling 807 shares, an increase of 107.5% from the May 14th total of 389 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 217 shares, the days-to-cover ratio is currently 3.7 days.

Hedge Funds 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 shares of GammaRoad Market Navigation ETF (NYSEARCA:GMMA) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 Stock Performance

Shares of NYSEARCA GMMA traded up $0.26 during midday trading on Monday, hitting $21.74. 243 shares of the stock traded hands, compared to its average volume of 593. The firm has a 50-day moving average of $21.18 and a two-hundred day moving average of $21.27. The firm has a market capitalization of $6.52 million, a P/E ratio of 25.87 and a beta of 0.36. GammaRoad Market Navigation ETF has a one year low of $19.89 and a one year 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.