GGM Macro Alignment ETF (NYSEARCA:GGM) Short Interest Up 1,230.6% in August

GGM Macro Alignment ETF (NYSEARCA:GGM) was the recipient of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 3,566 shares, an increase of 1,230.6% from the July 30th total of 268 shares. Based on an average trading volume of 3,202 shares, the short-interest ratio is currently 1.1 days. Approximately 0.6% of the shares of the stock are sold short.

GGM Macro Alignment ETF Trading Down 0.3%

NYSEARCA GGM traded down $0.08 during midday trading on Tuesday, hitting $31.61. The company had a trading volume of 18 shares, compared to its average volume of 1,380. The firm has a 50-day moving average price of $30.71 and a 200-day moving average price of $29.37. The company has a market capitalization of $20.23 million, a PE ratio of 23.78 and a beta of 0.57. GGM Macro Alignment ETF has a twelve month low of $26.13 and a twelve month 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.