Short Interest in Strategas Macro Momentum ETF (NYSEARCA:SAMM) Grows By 2,837.9%

Strategas Macro Momentum ETF (NYSEARCA:SAMM) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 10,459 shares, an increase of 2,837.9% from the December 31st total of 356 shares. Currently, 1.4% of the company’s shares are sold short. Based on an average daily volume of 2,903 shares, the days-to-cover ratio is currently 3.6 days. Based on an average daily volume of 2,903 shares, the days-to-cover ratio is currently 3.6 days. Currently, 1.4% of the company’s shares are sold short.

Strategas Macro Momentum ETF Stock Up 0.7%

Shares of NYSEARCA SAMM opened at $30.92 on Wednesday. The stock has a market capitalization of $23.19 million, a PE ratio of 22.18 and a beta of 1.22. The firm has a fifty day moving average of $30.46 and a 200-day moving average of $29.14. Strategas Macro Momentum ETF has a 52-week low of $21.88 and a 52-week high of $31.36.

Strategas Macro Momentum ETF Announces Dividend

The company also recently declared an annual dividend, which was paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 30th were paid a dividend of $0.3106 per share. The ex-dividend date was Tuesday, December 30th. This represents a yield of 102.0%.

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.