GammaRoad Market Navigation ETF (NYSEARCA:GMMA) Sees Large Increase in Short Interest

GammaRoad Market Navigation ETF (NYSEARCA:GMMA) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 807 shares, a growth of 107.5% from the May 14th total of 389 shares. Based on an average daily volume of 217 shares, the short-interest ratio is presently 3.7 days. Currently, 0.3% of the company’s shares are sold short.

GammaRoad Market Navigation ETF Trading Up 0.3%

Shares of GammaRoad Market Navigation ETF stock traded up $0.07 during mid-day trading on Friday, hitting $21.48. 113 shares of the stock were exchanged, compared to its average volume of 597. GammaRoad Market Navigation ETF has a twelve month low of $19.89 and a twelve month high of $21.84. The stock has a market capitalization of $6.44 million, a price-to-earnings ratio of 25.87 and a beta of 0.36. The company has a 50-day simple moving average of $21.18 and a 200 day simple moving average of $21.27.

Institutional Investors Weigh In On GammaRoad Market Navigation ETF

A hedge fund recently bought a new stake in GammaRoad Market Navigation ETF stock. Flow Traders U.S. LLC bought a new position in GammaRoad Market Navigation ETF (NYSEARCA:GMMA) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 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 filing with the Securities and Exchange Commission (SEC).

About GammaRoad Market Navigation ETF

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.