GammaRoad Market Navigation ETF (NYSEARCA:GMMA) Short Interest Update

GammaRoad Market Navigation ETF (NYSEARCA:GMMA) was the recipient of a large drop in short interest in May. As of May 15th, there was short interest totaling 389 shares, a drop of 38.4% from the April 30th total of 632 shares. Based on an average trading volume of 318 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On GammaRoad Market Navigation ETF

An institutional investor recently bought a new position in GammaRoad Market Navigation ETF stock. Flow Traders U.S. LLC purchased a new position in GammaRoad Market Navigation ETF (NYSEARCA:GMMA) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 22,164 shares of the company’s stock, valued at approximately $455,000. Flow Traders U.S. LLC owned about 7.92% of GammaRoad Market Navigation ETF as of its most recent SEC filing.

GammaRoad Market Navigation ETF Price Performance

Shares of NYSEARCA GMMA remained flat at $21.74 on Thursday. 164 shares of the company’s stock traded hands, compared to its average volume of 627. The company has a 50-day simple moving average of $21.10 and a 200 day simple moving average of $21.26. The stock has a market cap of $6.52 million, a P/E ratio of 25.87 and a beta of 0.34. GammaRoad Market Navigation ETF has a 12 month low of $19.89 and a 12 month high of $21.84.

GammaRoad Market Navigation ETF Company Profile

The GammaRoad Market Navigation ETF (GMMA) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is actively managed, seeking capital growth through a portfolio that can alternate allocations between US large-cap equities and US T-Bills based on daily market conditions. The fund may allocate to a 2x leveraged ETF. GMMA was launched on Sep 16, 2024 and is issued by GammaRoad.