AAM S&P 500 High Dividend Value ETF (NYSEARCA:SPDV) Sees Significant Increase in Short Interest

AAM S&P 500 High Dividend Value ETF (NYSEARCA:SPDV) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 12,279 shares, an increase of 190.8% from the December 31st total of 4,222 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average daily trading volume, of 9,348 shares, the short-interest ratio is presently 1.3 days. Based on an average daily trading volume, of 9,348 shares, the short-interest ratio is presently 1.3 days. Approximately 0.6% of the shares of the company are sold short.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in AAM S&P 500 High Dividend Value ETF stock. JPMorgan Chase & Co. grew its holdings in AAM S&P 500 High Dividend Value ETF (NYSEARCA:SPDV) by 309.4% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 2,743 shares of the company’s stock after buying an additional 2,073 shares during the period. 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 reporting period.

AAM S&P 500 High Dividend Value ETF Trading Down 0.5%

SPDV stock opened at $36.46 on Thursday. The company has a market capitalization of $80.94 million, a P/E ratio of 13.65 and a beta of 0.86. The business has a 50 day simple moving average of $35.21 and a 200-day simple moving average of $34.45. AAM S&P 500 High Dividend Value ETF has a twelve month low of $27.78 and a twelve month high of $36.81.

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.