Short Interest in AAM Transformers ETF (NYSEARCA:TRFM) Declines By 46.3%

AAM Transformers ETF (NYSEARCA:TRFM) was the recipient of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 19,255 shares, a decline of 46.3% from the May 31st total of 35,830 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average trading volume of 32,953 shares, the short-interest ratio is currently 0.6 days.

AAM Transformers ETF Stock Performance

Shares of TRFM opened at $61.87 on Tuesday. The stock has a market capitalization of $176.33 million, a P/E ratio of 39.06 and a beta of 1.40. The company’s fifty day moving average is $58.23 and its two-hundred day moving average is $52.16. AAM Transformers ETF has a 1 year low of $42.27 and a 1 year high of $63.01.

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.