Strategas Macro Momentum ETF (NYSEARCA:SAMM) Short Interest Update

Strategas Macro Momentum ETF (NYSEARCA:SAMM) saw a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 4,302 shares, a decline of 33.7% from the May 14th total of 6,491 shares. Based on an average daily trading volume, of 2,129 shares, the days-to-cover ratio is currently 2.0 days. Currently, 0.5% of the company’s shares are sold short.

Strategas Macro Momentum ETF Trading Up 0.8%

NYSEARCA SAMM opened at $32.99 on Tuesday. The stock has a market cap of $29.36 million, a P/E ratio of 22.18 and a beta of 0.92. The company’s fifty day simple moving average is $31.92 and its 200-day simple moving average is $31.03. Strategas Macro Momentum ETF has a 52 week low of $26.42 and a 52 week high of $34.15.

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.