Short Interest in GGM Macro Alignment ETF (NYSEARCA:GGM) Increases By 259.6%

GGM Macro Alignment ETF (NYSEARCA:GGM) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 356 shares, a growth of 259.6% from the June 15th total of 99 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 186 shares, the days-to-cover ratio is presently 1.9 days.

GGM Macro Alignment ETF Stock Performance

Shares of NYSEARCA GGM traded up $0.04 during mid-day trading on Tuesday, hitting $30.45. 8 shares of the stock were exchanged, compared to its average volume of 1,374. GGM Macro Alignment ETF has a twelve month low of $26.10 and a twelve month high of $30.55. The stock’s fifty day simple moving average is $29.31 and its two-hundred day simple moving average is $28.67. The company has a market cap of $19.49 million, a P/E ratio of 23.78 and a beta of 0.58.

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.