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

Strategas Macro Momentum ETF (NYSEARCA:SAMM) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 7,343 shares, an increase of 178.2% from the June 30th total of 2,639 shares. Currently, 0.8% of the company’s stock are sold short. Based on an average trading volume of 2,762 shares, the days-to-cover ratio is currently 2.7 days.

Strategas Macro Momentum ETF Stock Performance

Shares of NYSEARCA SAMM traded down $0.51 during mid-day trading on Monday, reaching $30.81. 1,103 shares of the company traded hands, compared to its average volume of 4,329. The company’s fifty day moving average is $32.09 and its two-hundred day moving average is $31.33. Strategas Macro Momentum ETF has a fifty-two week low of $26.42 and a fifty-two week high of $34.15. The stock has a market cap of $28.96 million, a PE ratio of 22.18 and a beta of 0.94.

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.