Strategas Macro Momentum ETF (NYSEARCA:SAMM) Short Interest Up 280.5% in May

Strategas Macro Momentum ETF (NYSEARCA:SAMM) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 6,491 shares, an increase of 280.5% from the April 30th total of 1,706 shares. Based on an average daily volume of 3,591 shares, the short-interest ratio is currently 1.8 days. Approximately 0.7% of the shares of the company are short sold.

Strategas Macro Momentum ETF Stock Up 0.7%

Shares of SAMM opened at $33.45 on Friday. The firm has a market capitalization of $29.77 million, a price-to-earnings ratio of 22.18 and a beta of 0.91. Strategas Macro Momentum ETF has a 12-month low of $25.81 and a 12-month high of $33.45. The stock’s 50-day moving average price is $31.27 and its 200 day moving average price is $30.76.

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.