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

Strategas Macro Momentum ETF (NYSEARCA:SAMM) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totaling 2,647 shares, an increase of 71.7% from the November 30th total of 1,542 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average trading volume of 2,119 shares, the days-to-cover ratio is currently 1.2 days. Based on an average trading volume of 2,119 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.4% of the company’s stock are short sold.

Strategas Macro Momentum ETF Stock Performance

Shares of Strategas Macro Momentum ETF stock traded down $0.49 during trading hours on Tuesday, reaching $30.43. The company’s stock had a trading volume of 3,313 shares, compared to its average volume of 2,350. The stock’s fifty day simple moving average is $30.01 and its two-hundred day simple moving average is $28.59. The company has a market capitalization of $19.17 million, a P/E ratio of 22.18 and a beta of 1.22. Strategas Macro Momentum ETF has a one year low of $21.88 and a one year high of $30.95.

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.