AAM Transformers ETF (NYSEARCA:TRFM) Sees Significant Decline in Short Interest

AAM Transformers ETF (NYSEARCA:TRFM) saw a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 8,676 shares, a decrease of 64.1% from the June 30th total of 24,140 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 30,485 shares, the short-interest ratio is presently 0.3 days.

AAM Transformers ETF Stock Performance

Shares of TRFM stock opened at $57.01 on Monday. The stock has a fifty day simple moving average of $59.93 and a two-hundred day simple moving average of $53.74. The firm has a market capitalization of $228.04 million, a PE ratio of 39.06 and a beta of 1.38. AAM Transformers ETF has a 52-week low of $42.64 and a 52-week high of $64.50.

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.