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

AAM Transformers ETF (NYSEARCA:TRFM) was the target of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 8,676 shares, a decline of 64.1% from the June 30th total of 24,140 shares. Based on an average daily volume of 30,485 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the shares of the company are sold short.

AAM Transformers ETF Price Performance

NYSEARCA TRFM opened at $57.01 on Monday. The stock’s 50-day moving average price is $59.93 and its 200-day moving average price is $53.74. AAM Transformers ETF has a 52 week low of $42.64 and a 52 week high of $64.50. The company has a market capitalization of $228.04 million, a P/E ratio of 39.06 and a beta of 1.38.

About AAM Transformers ETF

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.