Strategas Macro Momentum ETF (NYSEARCA:SAMM) Sees Large Increase in Short Interest

Strategas Macro Momentum ETF (NYSEARCA:SAMM) was the recipient of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 18,388 shares, an increase of 150.4% from the July 15th total of 7,343 shares. Based on an average daily volume of 3,667 shares, the days-to-cover ratio is currently 5.0 days. Approximately 1.9% of the shares of the company are short sold.

Strategas Macro Momentum ETF Stock Up 0.3%

NYSEARCA:SAMM traded up $0.10 during midday trading on Friday, reaching $32.51. The stock had a trading volume of 1,895 shares, compared to its average volume of 4,219. The stock has a market cap of $31.86 million, a P/E ratio of 22.18 and a beta of 0.97. The firm has a fifty day simple moving average of $31.69 and a two-hundred day simple moving average of $31.35. Strategas Macro Momentum ETF has a 12-month low of $26.74 and a 12-month high of $34.15.

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.