Short Interest in Strategas Macro Momentum ETF (NYSEARCA:SAMM) Drops By 47.3%

Strategas Macro Momentum ETF (NYSEARCA:SAMM) was the recipient of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 9,682 shares, a decline of 47.3% from the July 30th total of 18,388 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average daily volume of 2,677 shares, the days-to-cover ratio is currently 3.6 days.

Strategas Macro Momentum ETF Stock Performance

SAMM stock opened at $32.66 on Tuesday. The company has a market capitalization of $32.01 million, a PE ratio of 22.18 and a beta of 0.97. Strategas Macro Momentum ETF has a 52 week low of $27.08 and a 52 week high of $34.15. The company’s 50-day simple moving average is $31.73 and its 200 day simple moving average is $31.49.

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.