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

GGM Macro Alignment ETF (NYSEARCA:GGM) was the target of a significant 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. Based on an average trading volume of 1,216 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

GGM Macro Alignment ETF Stock Performance

Shares of NYSEARCA GGM traded down $0.55 during mid-day trading on Friday, reaching $30.11. The company had a trading volume of 7 shares, compared to its average volume of 1,413. The firm has a market cap of $19.87 million, a price-to-earnings ratio of 23.78 and a beta of 0.58. The business’s 50-day simple moving average is $30.97 and its 200 day simple moving average is $29.61. GGM Macro Alignment ETF has a one year low of $26.13 and a one year high of $31.90.

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.