Short Interest in Strategas Macro Momentum ETF (NYSEARCA:SAMM) Rises By 66.6%

Strategas Macro Momentum ETF (NYSEARCA:SAMM) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 16,128 shares, an increase of 66.6% from the August 15th total of 9,682 shares. Based on an average daily trading volume, of 3,758 shares, the short-interest ratio is currently 4.3 days. Approximately 1.6% of the company’s stock are sold short.

Strategas Macro Momentum ETF Price Performance

Shares of NYSEARCA SAMM opened at $33.30 on Thursday. The business has a 50-day moving average of $32.06 and a two-hundred day moving average of $31.67. The company has a market capitalization of $66.57 million, a price-to-earnings ratio of 22.18 and a beta of 0.98. Strategas Macro Momentum ETF has a 1 year low of $28.35 and a 1 year high of $34.29.

About Strategas Macro Momentum ETF

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.