AAM Transformers ETF (NYSEARCA:TRFM) Short Interest Up 110.2% in April

AAM Transformers ETF (NYSEARCA:TRFM) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 16,333 shares, a growth of 110.2% from the April 15th total of 7,772 shares. Based on an average trading volume of 23,733 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.6% of the shares of the company are short sold.

AAM Transformers ETF Stock Performance

AAM Transformers ETF stock traded down $1.51 during mid-day trading on Friday, reaching $56.64. 43,383 shares of the company were exchanged, compared to its average volume of 24,600. AAM Transformers ETF has a twelve month low of $39.09 and a twelve month high of $58.32. The firm’s 50-day simple moving average is $51.04 and its two-hundred day simple moving average is $49.63. The firm has a market cap of $161.42 million, a PE ratio of 39.06 and a beta of 1.38.

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.