AAM Transformers ETF (NYSEARCA:TRFM) Short Interest Update

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

AAM Transformers ETF Stock Performance

Shares of AAM Transformers ETF stock traded down $1.20 on Thursday, hitting $61.03. 18,627 shares of the company’s stock were exchanged, compared to its average volume of 26,059. AAM Transformers ETF has a 1 year low of $42.64 and a 1 year high of $64.50. The company has a 50-day simple moving average of $58.58 and a 200-day simple moving average of $52.35. The stock has a market capitalization of $230.69 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.