Strategas Macro Momentum ETF (NYSEARCA:SAMM) Shares Shorted: Short Interest Down 41.4% in October

Strategas Macro Momentum ETF (NYSEARCA:SAMM) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 7,276 shares, a decline of 41.4% from the September 30th total of 12,415 shares. Based on an average trading volume of 14,949 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.7% of the company’s shares are sold short.

Strategas Macro Momentum ETF Stock Down 2.9%

Shares of Strategas Macro Momentum ETF stock traded down $0.97 during midday trading on Monday, hitting $32.22. The company’s stock had a trading volume of 14,711 shares, compared to its average volume of 5,964. Strategas Macro Momentum ETF has a 1-year low of $28.63 and a 1-year high of $36.64. The firm has a market capitalization of $41.89 million, a P/E ratio of 22.18 and a beta of 0.93. The stock has a 50-day simple moving average of $34.21 and a 200-day simple moving average of $32.06.

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.