GGM Macro Alignment ETF (NYSEARCA:GGM) Shares Shorted: Short Interest Up 174.5% in September

GGM Macro Alignment ETF (NYSEARCA:GGM) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totaling 8,957 shares, a growth of 174.5% from the August 31st total of 3,263 shares. Approximately 1.4% of the shares of the company are short sold. Based on an average daily volume of 2,691 shares, the days-to-cover ratio is currently 3.3 days.

GGM Macro Alignment ETF Price Performance

Shares of GGM stock opened at $30.82 on Tuesday. The stock has a market cap of $20.34 million, a P/E ratio of 23.78 and a beta of 0.57. The stock has a fifty day moving average price of $31.26 and a 200 day moving average price of $29.77. GGM Macro Alignment ETF has a one year low of $26.13 and a one year high of $31.90.

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.