Strategas Macro Thematic Opportunities ETF (NYSEARCA:SAMT) Sees Significant Decline in Short Interest

Strategas Macro Thematic Opportunities ETF (NYSEARCA:SAMT) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 11,321 shares, a drop of 69.6% from the August 15th total of 37,254 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 171,058 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Strategas Macro Thematic Opportunities ETF

Institutional investors have recently bought and sold shares of the business. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of Strategas Macro Thematic Opportunities ETF in the second quarter valued at about $1,049,000. Worth Asset Management LLC acquired a new position in Strategas Macro Thematic Opportunities ETF during the 2nd quarter worth approximately $283,000. Finally, Bank of New York Mellon Corp boosted its holdings in Strategas Macro Thematic Opportunities ETF by 27.2% in the 1st quarter. Bank of New York Mellon Corp now owns 11,010 shares of the company’s stock worth $432,000 after acquiring an additional 2,352 shares during the period.

Strategas Macro Thematic Opportunities ETF Stock Performance

Shares of NYSEARCA:SAMT traded down $0.06 during trading on Monday, reaching $41.65. 47,173 shares of the stock were exchanged, compared to its average volume of 143,306. The firm’s 50-day moving average price is $43.43 and its 200 day moving average price is $43.12. The firm has a market cap of $831.75 million, a price-to-earnings ratio of 22.03 and a beta of 0.85. Strategas Macro Thematic Opportunities ETF has a 12-month low of $35.66 and a 12-month high of $47.86.

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.