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

GGM Macro Alignment ETF (NYSEARCA:GGM) saw a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 342 shares, an increase of 388.6% from the April 15th total of 70 shares. Based on an average daily volume of 493 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.1% of the company’s shares are sold short.

GGM Macro Alignment ETF Stock Performance

Shares of GGM stock remained flat at $28.74 during mid-day trading on Friday. The stock had a trading volume of 143 shares, compared to its average volume of 1,912. The stock has a market capitalization of $17.82 million, a PE ratio of 23.78 and a beta of 0.64. GGM Macro Alignment ETF has a 1-year low of $25.59 and a 1-year high of $29.70. The company has a fifty day simple moving average of $28.41 and a 200-day simple moving average of $28.08.

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.