Short interest in the Strategas Macro Thematic Opportunities ETF (NYSEARCA:SAMT) saw a dramatic increase of 251.2% during January 2024. As of January 15, the total short interest reached 26,934 shares, up from 7,670 shares reported at the end of December 2023. Currently, this reflects 0.3% of the ETF’s stock being short sold.
The short-interest ratio, calculated based on an average daily trading volume of 95,481 shares, stands at 0.3 days. This indicates that the short selling activity is relatively low compared to the overall trading volume of the fund.
Market Performance and Trading Activity
On January 19, shares of SAMT traded down by $1.13, closing at $40.03. The trading volume for the day reached 607,377 shares, significantly higher than its average volume of 121,034 shares. The ETF has a market capitalization of $418.31 million, a price-to-earnings ratio of 22.03, and a beta of 0.85. Over the past year, SAMT has experienced a range, with a 52-week low of $26.13 and a high of $42.09.
Dividend Announcement and Financial Overview
In addition to the short interest increase, the Strategas Macro Thematic Opportunities ETF announced an annual dividend of $0.2701, which was paid out on January 7, 2024. Shareholders who were on record as of December 30, 2023, received this dividend, marking a notable yield of 70.0%. The ex-dividend date for this payment was also set on December 30, 2023.
The Strategas Macro Thematic Opportunities ETF, launched on January 24, 2022, is an actively managed fund that invests primarily in US stocks. The fund aims to outperform the broader market by providing exposure to various macro-thematic trends, making it a notable option for investors seeking growth in the equity market.
As trading conditions develop, stakeholders will be observing the ETF’s performance closely, particularly in light of the substantial increase in short interest and its potential implications for market dynamics.
