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

GGM Macro Alignment ETF (NYSEARCA:GGM) was the target of a large drop in short interest in September. As of September 30th, there was short interest totaling 365 shares, a drop of 95.9% from the September 15th total of 8,957 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 1,644 shares, the days-to-cover ratio is presently 0.2 days.

GGM Macro Alignment ETF Stock Up 0.6%

Shares of NYSEARCA GGM traded up $0.17 during midday trading on Friday, hitting $30.96. The stock had a trading volume of 419 shares, compared to its average volume of 1,445. The business’s 50 day moving average is $31.33 and its 200-day moving average is $29.93. The company has a market cap of $20.43 million, a P/E ratio of 23.78 and a beta of 0.58. GGM Macro Alignment ETF has a 52 week low of $26.13 and a 52 week 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.