Strategas Macro Momentum ETF (NYSEARCA:SAMM) Short Interest Up 150.4% in July

Strategas Macro Momentum ETF (NYSEARCA:SAMM) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 18,388 shares, a growth of 150.4% from the July 15th total of 7,343 shares. Currently, 1.9% of the company’s shares are sold short. Based on an average daily volume of 3,667 shares, the days-to-cover ratio is currently 5.0 days.

Strategas Macro Momentum ETF Stock Up 0.5%

Shares of NYSEARCA:SAMM opened at $32.41 on Friday. The business’s 50 day moving average is $31.69 and its 200 day moving average is $31.34. The stock has a market cap of $31.76 million, a P/E ratio of 22.18 and a beta of 0.97. Strategas Macro Momentum ETF has a 52-week low of $26.74 and a 52-week high of $34.15.

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.