Short Interest in AAM S&P 500 High Dividend Value ETF (NYSEARCA:SPDV) Drops By 62.5%

AAM S&P 500 High Dividend Value ETF (NYSEARCA:SPDV) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 7,363 shares, a drop of 62.5% from the May 31st total of 19,641 shares. Based on an average trading volume of 6,978 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.3% of the shares of the company are sold short.

Institutional Investors Weigh In On AAM S&P 500 High Dividend Value ETF

A hedge fund recently raised its stake in AAM S&P 500 High Dividend Value ETF stock. JPMorgan Chase & Co. raised its holdings in AAM S&P 500 High Dividend Value ETF (NYSEARCA:SPDV) by 309.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,743 shares of the company’s stock after buying 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 as of its most recent SEC filing.

AAM S&P 500 High Dividend Value ETF Price Performance

Shares of SPDV traded down $0.10 on Monday, reaching $39.09. 8,293 shares of the stock traded hands, compared to its average volume of 8,201. The firm has a market cap of $91.86 million, a price-to-earnings ratio of 13.65 and a beta of 0.74. AAM S&P 500 High Dividend Value ETF has a 12 month low of $32.00 and a 12 month high of $39.77. The stock’s 50-day moving average price is $38.45 and its 200-day moving average price is $37.32.

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.