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

Alpha Architect Global Factor Equity ETF (NASDAQ:AAVM) saw 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. Based on an average trading volume of 5,888 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.4% of the company’s stock are sold short.

Alpha Architect Global Factor Equity ETF Price Performance

AAVM traded up $0.53 during trading hours on Thursday, reaching $33.59. 60 shares of the stock traded hands, compared to its average volume of 3,220. The firm’s fifty day simple moving average is $33.64 and its two-hundred day simple moving average is $32.04. The company has a market cap of $23.51 million, a price-to-earnings ratio of 13.56 and a beta of 0.55. Alpha Architect Global Factor Equity ETF has a fifty-two week low of $26.13 and a fifty-two week high of $34.85.

Alpha Architect Global Factor Equity ETF Company Profile

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.