Strategas Macro Momentum ETF (NYSEARCA:SAMM) Short Interest Up 248.8% in June

Strategas Macro Momentum ETF (NYSEARCA:SAMM) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 15,006 shares, an increase of 248.8% from the May 31st total of 4,302 shares. Approximately 1.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,500 shares, the days-to-cover ratio is currently 4.3 days.

Strategas Macro Momentum ETF Stock Performance

Strategas Macro Momentum ETF stock opened at $31.68 on Friday. Strategas Macro Momentum ETF has a fifty-two week low of $26.42 and a fifty-two week high of $34.15. The company has a market capitalization of $28.20 million, a price-to-earnings ratio of 22.18 and a beta of 0.92. The stock has a fifty day moving average of $32.19 and a two-hundred day moving average of $31.18.

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.