Strategas Macro Momentum ETF (NYSEARCA:SAMM) Short Interest Down 33.7% in May

Strategas Macro Momentum ETF (NYSEARCA:SAMM) was the target of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 4,302 shares, a decrease of 33.7% from the May 14th total of 6,491 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily volume of 2,129 shares, the days-to-cover ratio is currently 2.0 days.

Strategas Macro Momentum ETF Stock Performance

Shares of SAMM traded up $0.23 during mid-day trading on Wednesday, reaching $32.79. The stock had a trading volume of 4,384 shares, compared to its average volume of 4,105. The firm has a market cap of $29.18 million, a price-to-earnings ratio of 22.18 and a beta of 0.92. Strategas Macro Momentum ETF has a 12 month low of $26.42 and a 12 month high of $34.15. The business has a fifty day moving average of $31.96 and a 200 day moving average of $31.05.

Strategas Macro Momentum ETF Company Profile

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.