GGM Macro Alignment ETF (NYSEARCA:GGM) Shares Shorted: Short Interest Down 72.6% in October

GGM Macro Alignment ETF (NYSEARCA:GGM) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 100 shares, a decrease of 72.6% from the September 30th total of 365 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 1,216 shares, the short-interest ratio is presently 0.1 days.

GGM Macro Alignment ETF Price Performance

GGM stock traded down $0.03 on Wednesday, reaching $30.45. 57 shares of the company traded hands, compared to its average volume of 1,426. The firm has a fifty day simple moving average of $31.01 and a 200-day simple moving average of $29.59. The company has a market cap of $20.10 million, a P/E ratio of 23.78 and a beta of 0.58. GGM Macro Alignment ETF has a one year low of $26.13 and a one year high of $31.90.

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.