AAM S&P 500 High Dividend Value ETF (NYSEARCA:SPDV) Short Interest Update

AAM S&P 500 High Dividend Value ETF (NYSEARCA:SPDV) saw a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 16,576 shares, an increase of 35.0% from the January 15th total of 12,279 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average trading volume of 8,766 shares, the short-interest ratio is currently 1.9 days. Based on an average trading volume of 8,766 shares, the short-interest ratio is currently 1.9 days. Currently, 0.6% of the shares of the stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently raised its position in AAM S&P 500 High Dividend Value ETF stock. JPMorgan Chase & Co. increased its stake in AAM S&P 500 High Dividend Value ETF (NYSEARCA:SPDV) by 309.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,743 shares of the company’s stock after acquiring an additional 2,073 shares during the period. JPMorgan Chase & Co. owned approximately 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 Trading Up 1.2%

SPDV stock traded up $0.45 during midday trading on Friday, hitting $38.59. 12,167 shares of the company’s stock were exchanged, compared to its average volume of 9,416. The business has a 50-day simple moving average of $36.01 and a two-hundred day simple moving average of $34.81. AAM S&P 500 High Dividend Value ETF has a 1-year low of $27.78 and a 1-year high of $38.80. The stock has a market capitalization of $114.61 million, a PE ratio of 13.65 and a beta of 0.86.

AAM S&P 500 High Dividend Value ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, February 3rd. Stockholders of record on Friday, January 30th were given a dividend of $0.10 per share. This represents a c) annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Friday, January 30th.

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.