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

AAM Transformers ETF (NYSEARCA:TRFM) saw a significant decline in short interest during 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. Based on an average daily trading volume, of 32,953 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.7% of the shares of the company are short sold.

AAM Transformers ETF Price Performance

Shares of AAM Transformers ETF stock opened at $61.87 on Tuesday. The firm’s fifty day simple moving average is $58.23 and its 200-day simple moving average is $52.16. The stock has a market capitalization of $176.33 million, a price-to-earnings ratio of 39.06 and a beta of 1.40. AAM Transformers ETF has a 12 month low of $42.27 and a 12 month 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.