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

AAM S&P 500 High Dividend Value ETF (NYSEARCA:SPDV) saw a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 5,628 shares, a decline of 44.1% from the July 15th total of 10,059 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 18,164 shares, the days-to-cover ratio is currently 0.3 days.

AAM S&P 500 High Dividend Value ETF Stock Up 0.4%

Shares of SPDV stock opened at $41.11 on Wednesday. AAM S&P 500 High Dividend Value ETF has a 12-month low of $33.10 and a 12-month high of $41.50. The company has a 50 day moving average of $39.78 and a 200-day moving average of $38.50. The firm has a market cap of $104.83 million, a P/E ratio of 13.65 and a beta of 0.74.

Hedge Funds Weigh In On AAM S&P 500 High Dividend Value ETF

An institutional investor recently raised its stake in AAM S&P 500 High Dividend Value ETF stock. JPMorgan Chase & Co. raised its stake 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 & Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

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.