Strategas Macro Momentum ETF (NYSEARCA:SAMM) Stock Short Interest Declines 78.5%

Strategas Macro Momentum ETF (NYSEARCA:SAMM) was the target of a significant decrease in short interest during the month of October. As of October 30th, there was short interest totaling 1,566 shares, a decrease of 78.5% from the October 15th total of 7,276 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 23,329 shares, the short-interest ratio is currently 0.1 days.

Strategas Macro Momentum ETF Price Performance

Shares of NYSEARCA SAMM traded down $0.18 during mid-day trading on Friday, hitting $31.02. The company had a trading volume of 4,082 shares, compared to its average volume of 6,049. Strategas Macro Momentum ETF has a 12 month low of $28.63 and a 12 month high of $36.64. The firm has a market cap of $41.57 million, a P/E ratio of 17.53 and a beta of 0.97. The business’s 50-day simple moving average is $33.91 and its 200-day simple moving average is $32.08.

Strategas Macro Momentum ETF Company Profile

The Strategas Macro Momentum ETF (SAMM) is an exchange-traded fund that mostly invests in total market equity. The fund primarily invests in 20-50 US equities selected through a tactical, macro momentum approach that looks for strong technical, momentum, and relative strength characteristics. The actively managed fund aims for a more defensive posture when the indicators turn negative. SAMM was launched on Apr 3, 2024 and is issued by Strategas.