Strategas Macro Momentum ETF (NYSEARCA:SAMM) Short Interest Down 47.3% in August

Strategas Macro Momentum ETF (NYSEARCA:SAMM) was the recipient of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 9,682 shares, a drop of 47.3% from the July 30th total of 18,388 shares. Based on an average trading volume of 2,677 shares, the short-interest ratio is currently 3.6 days. Approximately 1.0% of the shares of the stock are sold short.

Strategas Macro Momentum ETF Stock Down 3.0%

Shares of NYSEARCA:SAMM traded down $1.02 during trading on Friday, reaching $32.57. 2,629 shares of the company traded hands, compared to its average volume of 4,203. The firm has a market capitalization of $31.92 million, a PE ratio of 22.18 and a beta of 0.97. Strategas Macro Momentum ETF has a 52 week low of $27.08 and a 52 week high of $34.15. The company’s 50 day moving average is $31.74 and its two-hundred day moving average is $31.48.

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.