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

Strategas Macro Momentum ETF (NYSEARCA:SAMM) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totaling 7,343 shares, an increase of 178.2% from the June 30th total of 2,639 shares. Based on an average daily volume of 2,762 shares, the short-interest ratio is presently 2.7 days. Approximately 0.8% of the company’s stock are sold short.

Strategas Macro Momentum ETF Trading Down 1.9%

Shares of NYSEARCA SAMM opened at $30.43 on Wednesday. The firm’s 50-day moving average price is $32.08 and its 200-day moving average price is $31.32. Strategas Macro Momentum ETF has a 1-year low of $26.42 and a 1-year high of $34.15. The firm has a market capitalization of $28.60 million, a P/E ratio of 22.18 and a beta of 0.94.

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.