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

AAM S&P 500 High Dividend Value ETF (NYSEARCA:SPDV) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 10,346 shares, an increase of 83.8% from the July 30th total of 5,628 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average trading volume of 7,198 shares, the days-to-cover ratio is currently 1.4 days.

AAM S&P 500 High Dividend Value ETF Stock Performance

SPDV stock traded down $0.10 on Friday, reaching $41.60. The company’s stock had a trading volume of 7,325 shares, compared to its average volume of 8,924. The firm has a market cap of $106.08 million, a PE ratio of 13.65 and a beta of 0.74. The business has a fifty day simple moving average of $40.23 and a two-hundred day simple moving average of $38.76. AAM S&P 500 High Dividend Value ETF has a 12-month low of $33.10 and a 12-month high of $42.05.

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

An institutional investor recently raised its position in AAM S&P 500 High Dividend Value ETF stock. JPMorgan Chase & Co. lifted its stake in shares of AAM S&P 500 High Dividend Value ETF (NYSEARCA:SPDV) by 309.4% during the 2nd quarter, according to its most recent disclosure 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 about 0.13% of AAM S&P 500 High Dividend Value ETF worth $89,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

AAM S&P 500 High Dividend Value ETF Company Profile

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.