GGM Macro Alignment ETF (NYSEARCA:GGM) Shares Shorted: Short Interest Down 95.9% in September

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

GGM Macro Alignment ETF Stock Performance

Shares of NYSEARCA:GGM traded up $0.17 during trading on Friday, reaching $30.96. 419 shares of the stock were exchanged, compared to its average volume of 1,445. GGM Macro Alignment ETF has a 12-month low of $26.13 and a 12-month high of $31.90. The firm has a market cap of $20.43 million, a price-to-earnings ratio of 23.78 and a beta of 0.58. The firm’s 50-day moving average price is $31.33 and its 200 day moving average price is $29.93.

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.