Strategas Macro Momentum ETF (NYSEARCA:SAMM) Sees Significant Growth in Short Interest

Strategas Macro Momentum ETF (NYSEARCA:SAMM – Get Free Report) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 7,343 shares, a growth of 178.2% from the June 30th total of 2,639 shares. Based on an average trading volume of 2,762 shares, the short-interest ratio is presently 2.7 days. Approximately 0.8% of the shares of the stock are short sold.

Strategas Macro Momentum ETF Stock Down 1.6%

Strategas Macro Momentum ETF stock traded down $0.51 during mid-day trading on Monday, hitting $30.81. 1,103 shares of the company were exchanged, compared to its average volume of 4,329. The business has a fifty day moving average of $32.09 and a 200 day moving average of $31.33. Strategas Macro Momentum ETF has a 1-year low of $26.42 and a 1-year high of $34.15. The company has a market capitalization of $28.96 million, a PE ratio of 22.18 and a beta of 0.94.

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Strategas Macro Momentum ETF Company Profile

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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.

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