GGM Macro Alignment ETF (NYSEARCA:GGM) Short Interest Up 259.6% in June

GGM Macro Alignment ETF (NYSEARCA:GGM) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totaling 356 shares, an increase of 259.6% from the June 15th total of 99 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 186 shares, the short-interest ratio is presently 1.9 days.

GGM Macro Alignment ETF Price Performance

GGM opened at $30.48 on Monday. GGM Macro Alignment ETF has a 52-week low of $26.10 and a 52-week high of $30.55. The company has a 50 day moving average of $29.28 and a two-hundred day moving average of $28.65. The company has a market cap of $19.51 million, a P/E ratio of 23.78 and a beta of 0.58.

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.