GammaRoad Market Navigation ETF (NYSEARCA:GMMA) Short Interest Down 38.4% in May

GammaRoad Market Navigation ETF (NYSEARCA:GMMA) was the target of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 389 shares, a drop of 38.4% from the April 30th total of 632 shares. Based on an average trading volume of 318 shares, the short-interest ratio is presently 1.2 days. Approximately 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On GammaRoad Market Navigation ETF

A hedge fund recently bought a new stake in GammaRoad Market Navigation ETF stock. Flow Traders U.S. LLC bought a new stake in shares of GammaRoad Market Navigation ETF (NYSEARCA:GMMA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 22,164 shares of the company’s stock, valued at approximately $455,000. Flow Traders U.S. LLC owned 7.92% of GammaRoad Market Navigation ETF at the end of the most recent quarter.

GammaRoad Market Navigation ETF Trading Up 0.0%

GammaRoad Market Navigation ETF stock opened at $21.83 on Wednesday. The stock has a market cap of $6.55 million, a price-to-earnings ratio of 25.87 and a beta of 0.34. The company’s 50-day moving average price is $21.07 and its two-hundred day moving average price is $21.25. GammaRoad Market Navigation ETF has a 52 week low of $19.89 and a 52 week high of $21.84.

About GammaRoad Market Navigation ETF

The GammaRoad Market Navigation ETF (GMMA) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is actively managed, seeking capital growth through a portfolio that can alternate allocations between US large-cap equities and US T-Bills based on daily market conditions. The fund may allocate to a 2x leveraged ETF. GMMA was launched on Sep 16, 2024 and is issued by GammaRoad.