Alpha Architect Global Factor Equity ETF (NASDAQ:AAVM) Sees Large Increase in Short Interest

Alpha Architect Global Factor Equity ETF (NASDAQ:AAVM) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totaling 8,168 shares, a growth of 3,789.5% from the April 15th total of 210 shares. Currently, 1.2% of the shares of the stock are short sold. Based on an average trading volume of 6,107 shares, the days-to-cover ratio is presently 1.3 days.

Alpha Architect Global Factor Equity ETF Stock Performance

NASDAQ:AAVM traded up $0.19 during trading hours on Monday, hitting $34.40. The company’s stock had a trading volume of 181 shares, compared to its average volume of 3,303. The business’s 50-day moving average is $32.50 and its two-hundred day moving average is $31.23. The company has a market capitalization of $24.08 million, a PE ratio of 13.56 and a beta of 0.55. Alpha Architect Global Factor Equity ETF has a 52-week low of $25.36 and a 52-week high of $34.49.

Alpha Architect Global Factor Equity ETF Company Profile

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.