GGM Macro Alignment ETF (NYSEARCA:GGM) Sees Significant Increase in Short Interest

GGM Macro Alignment ETF (NYSEARCA:GGM) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 8,957 shares, a growth of 174.5% from the August 31st total of 3,263 shares. Currently, 1.4% of the shares of the company are sold short. Based on an average trading volume of 2,691 shares, the short-interest ratio is currently 3.3 days.

GGM Macro Alignment ETF Price Performance

Shares of GGM stock traded down $0.20 during trading hours on Monday, reaching $30.82. The stock had a trading volume of 24 shares, compared to its average volume of 1,466. GGM Macro Alignment ETF has a twelve month low of $26.13 and a twelve month high of $31.90. The firm has a 50-day simple moving average of $31.25 and a 200-day simple moving average of $29.76. The firm has a market capitalization of $20.34 million, a PE ratio of 23.78 and a beta of 0.57.

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.