GGM Macro Alignment ETF (NYSEARCA:GGM) Short Interest Down 65.2% in May

GGM Macro Alignment ETF (NYSEARCA:GGM) was the recipient of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 104 shares, a decrease of 65.2% from the May 14th total of 299 shares. Based on an average trading volume of 44 shares, the short-interest ratio is presently 2.4 days. Approximately 0.0% of the shares of the company are short sold.

GGM Macro Alignment ETF Price Performance

NYSEARCA GGM opened at $29.47 on Friday. GGM Macro Alignment ETF has a 1 year low of $25.89 and a 1 year high of $29.70. The stock has a market capitalization of $18.27 million, a PE ratio of 23.78 and a beta of 0.61. The company’s 50 day simple moving average is $28.64 and its two-hundred day simple moving average is $28.29.

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.