Strategas Macro Momentum ETF (NYSEARCA:SAMM) Sees Significant Decline in Short Interest

Strategas Macro Momentum ETF (NYSEARCA:SAMM) saw a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 2,639 shares, a decline of 82.4% from the June 15th total of 15,006 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 9,194 shares, the short-interest ratio is currently 0.3 days.

Strategas Macro Momentum ETF Price Performance

SAMM stock traded down $0.13 during mid-day trading on Friday, reaching $31.63. The company had a trading volume of 5,157 shares, compared to its average volume of 4,445. The company has a market capitalization of $29.73 million, a PE ratio of 22.18 and a beta of 0.94. The firm has a 50 day moving average of $32.21 and a 200 day moving average of $31.28. Strategas Macro Momentum ETF has a 12 month low of $26.42 and a 12 month 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.