Short Interest in AAM Transformers ETF (NYSEARCA:TRFM) Decreases By 37.6%

AAM Transformers ETF (NYSEARCA:TRFM) was the recipient of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 15,155 shares, a decrease of 37.6% from the July 30th total of 24,298 shares. Based on an average daily trading volume, of 21,377 shares, the short-interest ratio is presently 0.7 days. Currently, 0.4% of the shares of the company are sold short.

AAM Transformers ETF Price Performance

TRFM stock traded down $0.14 during midday trading on Wednesday, hitting $57.83. 2,725 shares of the stock traded hands, compared to its average volume of 27,688. AAM Transformers ETF has a 1-year low of $43.76 and a 1-year high of $64.50. The stock’s fifty day simple moving average is $59.98 and its 200-day simple moving average is $55.66. The firm has a market cap of $245.78 million, a P/E 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.