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

AAM S&P 500 High Dividend Value ETF (NYSEARCA:SPDVGet Free Report) saw a significant decline in short interest in June. As of June 15th, there was short interest totaling 7,363 shares, a decline of 62.5% from the May 31st total of 19,641 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 6,978 shares, the days-to-cover ratio is currently 1.1 days.

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 stake in AAM S&P 500 High Dividend Value ETF (NYSEARCA:SPDVFree Report) by 309.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,743 shares of the company’s stock after acquiring 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.

AAM S&P 500 High Dividend Value ETF Stock Performance

Shares of SPDV stock opened at $39.19 on Friday. AAM S&P 500 High Dividend Value ETF has a 52 week low of $32.00 and a 52 week high of $39.77. The stock has a market capitalization of $92.10 million, a PE ratio of 13.65 and a beta of 0.74. The stock’s fifty day moving average is $38.45 and its 200-day moving average is $37.30.

About AAM S&P 500 High Dividend Value ETF

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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.

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