Short Interest in AAM Transformers ETF (NYSEARCA:TRFM) Increases By 180.1%

AAM Transformers ETF (NYSEARCA:TRFM) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 24,298 shares, a growth of 180.1% from the July 15th total of 8,676 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 44,155 shares, the days-to-cover ratio is presently 0.6 days.

AAM Transformers ETF Trading Down 0.1%

AAM Transformers ETF stock traded down $0.04 during midday trading on Friday, reaching $62.67. The company’s stock had a trading volume of 23,579 shares, compared to its average volume of 27,454. AAM Transformers ETF has a 52 week low of $43.22 and a 52 week high of $64.50. The business has a 50-day moving average price of $60.07 and a 200-day moving average price of $54.73. The stock has a market cap of $266.35 million, a PE ratio of 39.06 and a beta of 1.40.

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.