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

Strategas Macro Momentum ETF (NYSEARCA:SAMM) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 9,061 shares, a decline of 43.8% from the August 31st total of 16,128 shares. Based on an average daily volume of 9,655 shares, the short-interest ratio is presently 0.9 days. Approximately 0.9% of the shares of the stock are short sold.

Strategas Macro Momentum ETF Stock Up 0.9%

Shares of NYSEARCA SAMM traded up $0.33 during midday trading on Thursday, reaching $35.70. The company had a trading volume of 7,084 shares, compared to its average volume of 4,387. The firm’s fifty day moving average price is $32.88 and its 200-day moving average price is $32.04. The stock has a market cap of $36.06 million, a PE ratio of 22.18 and a beta of 0.98. Strategas Macro Momentum ETF has a one year low of $28.35 and a one year high of $35.72.

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.