Strategas Macro Momentum ETF (NYSEARCA:SAMM) Short Interest Down 23.5% in March

Strategas Macro Momentum ETF (NYSEARCA:SAMM) saw a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 4,219 shares, a decrease of 23.5% from the February 26th total of 5,513 shares. Based on an average daily trading volume, of 9,724 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.6% of the company’s shares are short sold.

Strategas Macro Momentum ETF Price Performance

NYSEARCA SAMM traded up $0.68 during mid-day trading on Tuesday, reaching $30.20. 2,068 shares of the stock were exchanged, compared to its average volume of 5,095. Strategas Macro Momentum ETF has a one year low of $21.88 and a one year high of $31.68. The stock has a 50 day simple moving average of $30.55 and a 200-day simple moving average of $30.11. The stock has a market cap of $22.65 million, a P/E ratio of 22.18 and a beta of 1.22.

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.