Short Interest in Alpha Architect Global Factor Equity ETF (NASDAQ:AAVM) Declines By 69.4%

Alpha Architect Global Factor Equity ETF (NASDAQ:AAVM) was the target of a significant drop in short interest in 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. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 5,888 shares, the short-interest ratio is presently 0.4 days.

Alpha Architect Global Factor Equity ETF Trading Up 1.6%

NASDAQ AAVM traded up $0.53 on Thursday, hitting $33.59. 60 shares of the stock traded hands, compared to its average volume of 3,220. The stock has a 50-day moving average of $33.64 and a 200 day moving average of $32.04. Alpha Architect Global Factor Equity ETF has a twelve month low of $26.13 and a twelve month high of $34.85. The company has a market capitalization of $23.51 million, a P/E 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.