Strategas Macro Momentum ETF (NYSEARCA:SAMM) Short Interest Down 47.3% in August

Strategas Macro Momentum ETF (NYSEARCA:SAMM) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 9,682 shares, a drop 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 short-interest ratio is presently 3.6 days.

Strategas Macro Momentum ETF Price Performance

SAMM stock traded up $0.09 during midday trading on Monday, hitting $32.66. The company’s stock had a trading volume of 1,445 shares, compared to its average volume of 4,186. The company’s fifty day moving average price is $31.73 and its 200 day moving average price is $31.49. Strategas Macro Momentum ETF has a twelve month low of $27.08 and a twelve month high of $34.15. The stock has a market capitalization of $32.01 million, a P/E ratio of 22.18 and a beta of 0.97.

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.