Short Interest in AAM Transformers ETF (NYSEARCA:TRFM) Decreases By 37.6%

AAM Transformers ETF (NYSEARCA:TRFM) was the target of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 15,155 shares, a decline of 37.6% from the July 30th total of 24,298 shares. Based on an average daily volume of 21,377 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.4% of the company’s stock are short sold.

AAM Transformers ETF Price Performance

Shares of NYSEARCA TRFM opened at $59.64 on Monday. The company has a market capitalization of $253.47 million, a PE ratio of 39.06 and a beta of 1.40. The stock’s 50 day moving average price is $60.10 and its 200-day moving average price is $55.53. AAM Transformers ETF has a twelve month low of $43.76 and a twelve month high of $64.50.

About AAM Transformers ETF

The AAM Transformers ETF (TRFM) is an exchange-traded fund that is based on the Pence Transformers index. The fund tracks a modified equal-weighted index of US-listed companies that have the potential to transform consumer behavior and technological innovation. Companies are screened for their spending on research and development (R&D). TRFM was launched on Jul 11, 2022 and is managed by AAM.