Alpha Architect Global Factor Equity ETF (NASDAQ:AAVM) Sees Large Decline in Short Interest

Alpha Architect Global Factor Equity ETF (NASDAQ:AAVM) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 2,647 shares, a drop of 69.4% from the May 14th total of 8,659 shares. Based on an average daily volume of 5,888 shares, the short-interest ratio is currently 0.4 days. Currently, 0.4% of the company’s shares are short sold.

Alpha Architect Global Factor Equity ETF Stock Performance

Alpha Architect Global Factor Equity ETF stock remained flat at $34.06 during trading on Friday. 245 shares of the company traded hands, compared to its average volume of 3,193. Alpha Architect Global Factor Equity ETF has a 12-month low of $26.13 and a 12-month high of $34.85. The company has a fifty day simple moving average of $33.69 and a 200 day simple moving average of $32.08. The stock has a market cap of $23.84 million, a PE ratio of 13.56 and a beta of 0.55.

About Alpha Architect Global Factor Equity ETF

The Alpha Architect Global Factor Equity ETF (AAVM) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund investing primarily in four value- and momentum-oriented ETFs from the issuer. The fund-of-funds uses a proprietary, momentum-driven model to allocate its portfolio AAVM was launched on May 3, 2017 and is issued by Alpha Architect.