Strategas Macro Momentum ETF (NYSEARCA:SAMM) Short Interest Up 248.8% in June

Strategas Macro Momentum ETF (NYSEARCA:SAMM) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 15,006 shares, an increase of 248.8% from the May 31st total of 4,302 shares. Based on an average daily trading volume, of 3,500 shares, the short-interest ratio is currently 4.3 days. Currently, 1.7% of the shares of the stock are short sold.

Strategas Macro Momentum ETF Stock Performance

Shares of SAMM stock traded up $0.39 during trading on Monday, hitting $32.07. The company had a trading volume of 2,933 shares, compared to its average volume of 4,539. The firm has a market capitalization of $28.54 million, a P/E ratio of 22.18 and a beta of 0.92. Strategas Macro Momentum ETF has a one year low of $26.42 and a one year high of $34.15. The stock’s 50-day moving average price is $32.19 and its 200 day moving average price is $31.18.

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.