Short Interest in AAM Transformers ETF (NYSEARCA:TRFM) Increases By 87.8%

AAM Transformers ETF (NYSEARCA:TRFM) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 30,677 shares, a growth of 87.8% from the April 30th total of 16,333 shares. Currently, 1.1% of the shares of the company are short sold. Based on an average daily trading volume, of 58,836 shares, the short-interest ratio is presently 0.5 days.

AAM Transformers ETF Stock Performance

Shares of TRFM stock opened at $61.55 on Tuesday. The company has a market capitalization of $175.42 million, a price-to-earnings ratio of 39.06 and a beta of 1.38. The company has a 50-day simple moving average of $53.37 and a 200 day simple moving average of $50.28. AAM Transformers ETF has a 52 week low of $39.19 and a 52 week high of $61.80.

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.