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

AAM S&P 500 High Dividend Value ETF (NYSEARCA:SPDV) was the target of a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 13,980 shares, a decline of 41.7% from the February 12th total of 23,985 shares. Based on an average trading volume of 9,273 shares, the short-interest ratio is presently 1.5 days. Currently, 0.5% of the company’s shares are short sold. Currently, 0.5% of the company’s shares are short sold. Based on an average trading volume of 9,273 shares, the short-interest ratio is presently 1.5 days.

Institutional Trading of 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. lifted its position in shares of AAM S&P 500 High Dividend Value ETF (NYSEARCA:SPDV) by 309.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (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 approximately 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 Stock Performance

Shares of SPDV stock traded down $0.14 on Friday, hitting $36.73. 7,421 shares of the stock traded hands, compared to its average volume of 9,076. AAM S&P 500 High Dividend Value ETF has a twelve month low of $27.78 and a twelve month high of $38.80. The firm’s 50-day moving average price is $37.22 and its two-hundred day moving average price is $35.45. The stock has a market capitalization of $109.09 million, a PE ratio of 13.65 and a beta of 0.86.

AAM S&P 500 High Dividend Value ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Friday, February 27th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 3.3%.

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.