Short Interest in Strategas Macro Momentum ETF (NYSEARCA:SAMM) Rises By 66.6%

Strategas Macro Momentum ETF (NYSEARCA:SAMM) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 16,128 shares, a growth of 66.6% from the August 15th total of 9,682 shares. Approximately 1.6% of the shares of the company are sold short. Based on an average trading volume of 3,758 shares, the days-to-cover ratio is presently 4.3 days.

Strategas Macro Momentum ETF Price Performance

Shares of NYSEARCA:SAMM opened at $33.30 on Thursday. The stock has a market cap of $66.57 million, a P/E ratio of 22.18 and a beta of 0.98. Strategas Macro Momentum ETF has a 1-year low of $28.35 and a 1-year high of $34.29. The firm has a fifty day moving average price of $32.06 and a 200 day moving average price of $31.67.

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.