GGM Macro Alignment ETF (NYSEARCA:GGM) Short Interest Update

GGM Macro Alignment ETF (NYSEARCA:GGM) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 8,957 shares, an increase of 174.5% from the August 31st total of 3,263 shares. Approximately 1.4% of the company’s stock are short sold. Based on an average trading volume of 2,691 shares, the short-interest ratio is currently 3.3 days. Shares of GGM Macro Alignment ETF stock opened at $31.02 on Friday. The stock has a market capitalization of $20.47 million, a PE ratio of 23.78 and a beta of 0.57. GGM Macro Alignment ETF has a 52 week low of $26.13 and a 52 week high of $31.90. The stock has a 50 day moving average price of $31.25 and a two-hundred day moving average price of $29.75. 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.