Short Interest in Alpha Architect Global Factor Equity ETF (NASDAQ:AAVM) Drops By 93.5%

Alpha Architect Global Factor Equity ETF (NASDAQ:AAVM) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 665 shares, a decline of 93.5% from the July 30th total of 10,204 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 1,401 shares, the days-to-cover ratio is presently 0.5 days.

Alpha Architect Global Factor Equity ETF Price Performance

AAVM stock traded up $0.13 during trading hours on Tuesday, reaching $34.76. 323 shares of the stock were exchanged, compared to its average volume of 2,585. The firm’s 50-day moving average is $33.85 and its 200-day moving average is $33.35. The company has a market cap of $26.07 million, a price-to-earnings ratio of 13.56 and a beta of 0.55. Alpha Architect Global Factor Equity ETF has a 12 month low of $27.41 and a 12 month high of $35.01.

About Alpha Architect Global Factor Equity ETF

The Alpha Architect Global Factor Equity ETF (AAVM) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund investing primarily in four value- and momentum-oriented ETFs from the issuer. The fund-of-funds uses a proprietary, momentum-driven model to allocate its portfolio AAVM was launched on May 3, 2017 and is issued by Alpha Architect.