Strategas Macro Momentum ETF (NYSEARCA:SAMM) Sees Large Decline in Short Interest

Strategas Macro Momentum ETF (NYSEARCA:SAMM) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 7,276 shares, a decrease of 41.4% from the September 30th total of 12,415 shares. Based on an average daily volume of 14,949 shares, the short-interest ratio is currently 0.5 days. Approximately 0.7% of the shares of the company are sold short.

Strategas Macro Momentum ETF Trading Up 1.3%

NYSEARCA SAMM traded up $0.42 on Tuesday, hitting $32.64. 7,314 shares of the company traded hands, compared to its average volume of 5,942. The business’s 50 day moving average price is $34.19 and its 200-day moving average price is $32.07. The company has a market capitalization of $43.08 million, a price-to-earnings ratio of 17.53 and a beta of 0.97. Strategas Macro Momentum ETF has a 52-week low of $28.63 and a 52-week high of $36.64.

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.