AAM Transformers ETF (NYSEARCA:TRFM – Get Free Report) saw a significant drop in short interest during the month of October. As of October 30th, there was short interest totaling 3,390 shares, a drop of 75.1% from the October 15th total of 13,634 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 28,751 shares, the days-to-cover ratio is currently 0.1 days.
AAM Transformers ETF Stock Performance
TRFM stock traded down $0.70 during mid-day trading on Friday, reaching $52.53. 13,577 shares of the stock traded hands, compared to its average volume of 32,658. AAM Transformers ETF has a one year low of $43.76 and a one year high of $64.50. The stock has a market capitalization of $303.62 million, a PE ratio of 30.34 and a beta of 1.41. The business has a 50-day moving average price of $57.11 and a two-hundred day moving average price of $55.65.
About AAM Transformers ETF
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.
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