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

Alpha Architect Global Factor Equity ETF (NASDAQ:AAVM) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 2,647 shares, a decrease of 69.4% from the May 14th total of 8,659 shares. Based on an average daily volume of 5,888 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.4% of the shares of the company are short sold.

Alpha Architect Global Factor Equity ETF Stock Performance

NASDAQ:AAVM traded up $0.33 during trading hours on Friday, hitting $34.39. The company’s stock had a trading volume of 1,064 shares, compared to its average volume of 3,174. The business’s 50-day moving average is $33.74 and its two-hundred day moving average is $32.09. The company has a market capitalization of $24.07 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 $26.13 and a 52-week high of $34.85.

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.