Alpha Architect Global Factor Equity ETF (NASDAQ:AAVM – Get Free Report) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 3,315 shares, a decline of 73.1% from the September 30th total of 12,341 shares. Based on an average daily trading volume, of 1,870 shares, the days-to-cover ratio is currently 1.8 days. Approximately 0.4% of the shares of the company are short sold.
Alpha Architect Global Factor Equity ETF Price Performance
Shares of AAVM stock traded down $0.20 during trading hours on Friday, hitting $33.90. 1,607 shares of the company’s stock were exchanged, compared to its average volume of 2,326. The stock’s 50-day moving average is $34.05 and its 200-day moving average is $33.37. Alpha Architect Global Factor Equity ETF has a 52 week low of $28.05 and a 52 week high of $35.01. The stock has a market cap of $26.78 million, a price-to-earnings 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.
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