GGM Macro Alignment ETF (NYSEARCA:GGM) Short Interest Up 1,230.6% in August

GGM Macro Alignment ETF (NYSEARCA:GGM) saw a large growth in short interest in August. As of August 14th, there was short interest totaling 3,566 shares, a growth of 1,230.6% from the July 30th total of 268 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,202 shares, the days-to-cover ratio is presently 1.1 days.

GGM Macro Alignment ETF Stock Performance

Shares of NYSEARCA GGM traded down $0.08 during trading hours on Tuesday, hitting $31.61. 18 shares of the stock were exchanged, compared to its average volume of 1,380. The company has a market cap of $20.23 million, a PE ratio of 23.78 and a beta of 0.57. The company’s fifty day simple moving average is $30.71 and its two-hundred day simple moving average is $29.37. GGM Macro Alignment ETF has a 1-year low of $26.13 and a 1-year high of $31.90.

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.