Strategas Macro Momentum ETF (NYSEARCA:SAMM) Short Interest Down 81.6% in April

Strategas Macro Momentum ETF (NYSEARCA:SAMM) was the recipient of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 1,706 shares, a drop of 81.6% from the April 15th total of 9,256 shares. Based on an average daily volume of 1,775 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.2% of the shares of the company are short sold.

Strategas Macro Momentum ETF Stock Up 0.3%

NYSEARCA:SAMM traded up $0.08 during midday trading on Tuesday, reaching $31.66. The stock had a trading volume of 799 shares, compared to its average volume of 4,435. The stock has a market cap of $28.18 million, a P/E ratio of 22.18 and a beta of 0.91. The firm has a fifty day simple moving average of $30.75 and a two-hundred day simple moving average of $30.56. Strategas Macro Momentum ETF has a 12-month low of $25.35 and a 12-month high of $32.39.

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.