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

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

GGM Macro Alignment ETF Stock Performance

GGM Macro Alignment ETF stock traded up $0.18 during midday trading on Friday, hitting $29.47. 3 shares of the company were exchanged, compared to its average volume of 1,588. The firm has a market capitalization of $18.27 million, a PE ratio of 23.78 and a beta of 0.61. GGM Macro Alignment ETF has a fifty-two week low of $25.89 and a fifty-two week high of $29.70. The business has a fifty day simple moving average of $28.64 and a two-hundred day simple moving average of $28.29.

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.