AAM Transformers ETF (NYSEARCA:TRFM) Short Interest Down 37.6% in August

AAM Transformers ETF (NYSEARCA:TRFM) was the target of a significant decline in short interest in 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 trading volume of 21,377 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.4% of the company’s stock are short sold.

AAM Transformers ETF Price Performance

NYSEARCA:TRFM opened at $59.64 on Monday. The company has a market cap of $253.47 million, a price-to-earnings ratio of 39.06 and a beta of 1.40. AAM Transformers ETF has a 1 year low of $43.76 and a 1 year high of $64.50. The stock’s 50 day simple moving average is $60.10 and its two-hundred day simple moving average is $55.53.

AAM Transformers ETF Company Profile

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.