AAM S&P 500 High Dividend Value ETF (NYSEARCA:SPDV – Get Free Report) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 4,222 shares, an increase of 279.0% from the December 15th total of 1,114 shares. Based on an average daily volume of 14,655 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the company’s stock are sold short. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 14,655 shares, the days-to-cover ratio is presently 0.3 days.
AAM S&P 500 High Dividend Value ETF Trading Up 0.6%
SPDV traded up $0.20 during trading hours on Tuesday, hitting $36.11. 5,111 shares of the company’s stock were exchanged, compared to its average volume of 8,923. The firm has a market cap of $80.17 million, a P/E ratio of 13.65 and a beta of 0.86. AAM S&P 500 High Dividend Value ETF has a 12-month low of $27.78 and a 12-month high of $36.16. The firm has a 50 day moving average of $34.62 and a 200 day moving average of $34.18.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in AAM S&P 500 High Dividend Value ETF stock. JPMorgan Chase & Co. increased its stake in shares of AAM S&P 500 High Dividend Value ETF (NYSEARCA:SPDV – Free Report) by 309.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,743 shares of the company’s stock after purchasing an additional 2,073 shares during the quarter. JPMorgan Chase & Co. owned 0.13% of AAM S&P 500 High Dividend Value ETF worth $89,000 at the end of the most recent quarter.
About AAM S&P 500 High Dividend Value ETF
The AAM S&P 500 High Dividend Value ETF (SPDV) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of US large-caps selected for high dividend and free-cash-flow yields. Securities are equally-weighted. SPDV was launched on Nov 28, 2017 and is managed by AAM.
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