Strategas Macro Thematic Opportunities ETF (NYSEARCA:SAMT) Sees Large Decrease in Short Interest

Strategas Macro Thematic Opportunities ETF (NYSEARCA:SAMT) saw a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 37,254 shares, a decline of 53.6% from the July 30th total of 80,261 shares. Based on an average daily trading volume, of 83,330 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the company’s shares are short sold.

Strategas Macro Thematic Opportunities ETF Price Performance

SAMT stock traded down $0.39 during trading on Friday, reaching $42.82. The company had a trading volume of 459,093 shares, compared to its average volume of 138,641. Strategas Macro Thematic Opportunities ETF has a 52 week low of $34.11 and a 52 week high of $47.86. The business has a 50 day moving average of $44.17 and a 200 day moving average of $42.90. The company has a market cap of $855.12 million, a P/E ratio of 22.03 and a beta of 0.85.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Comprehensive Financial Planning Inc. PA bought a new stake in shares of Strategas Macro Thematic Opportunities ETF during the second quarter valued at approximately $1,049,000. Bank of New York Mellon Corp raised its holdings in Strategas Macro Thematic Opportunities ETF by 27.2% in the first quarter. Bank of New York Mellon Corp now owns 11,010 shares of the company’s stock worth $432,000 after purchasing an additional 2,352 shares in the last quarter. Finally, Worth Asset Management LLC bought a new position in Strategas Macro Thematic Opportunities ETF in the second quarter worth $283,000.

About Strategas Macro Thematic Opportunities ETF

The Strategas Macro Thematic Opportunities ETF (SAMT) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund of US stocks that seeks to outperform the broader market by providing exposure to multiple macro-thematic market trends. SAMT was launched on Jan 24, 2022 and is managed by Strategas.