Strategas Macro Momentum ETF (NYSEARCA:SAMM) Shares Shorted: Short Interest Down 41.4% in October

Strategas Macro Momentum ETF (NYSEARCA:SAMM) was the target of a large drop in short interest in October. As of October 15th, there was short interest totaling 7,276 shares, a drop of 41.4% from the September 30th total of 12,415 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average trading volume of 14,949 shares, the short-interest ratio is currently 0.5 days.

Strategas Macro Momentum ETF Price Performance

NYSEARCA:SAMM traded down $0.69 during mid-day trading on Friday, reaching $33.19. The stock had a trading volume of 5,792 shares, compared to its average volume of 5,922. The stock has a 50-day simple moving average of $34.21 and a two-hundred day simple moving average of $32.06. The stock has a market capitalization of $43.15 million, a PE ratio of 22.18 and a beta of 0.93. Strategas Macro Momentum ETF has a 12 month low of $28.63 and a 12 month high of $36.64.

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.