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

AAM S&P 500 High Dividend Value ETF (NYSEARCA:SPDV) was the target of a large growth in short interest in April. As of April 30th, there was short interest totaling 10,606 shares, a growth of 126.3% from the April 15th total of 4,687 shares. Based on an average daily trading volume, of 7,514 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.5% of the company’s stock are sold short.

AAM S&P 500 High Dividend Value ETF Stock Performance

SPDV traded down $0.18 on Friday, hitting $37.74. The company had a trading volume of 10,738 shares, compared to its average volume of 8,135. The stock has a fifty day moving average price of $37.37 and a 200-day moving average price of $36.31. AAM S&P 500 High Dividend Value ETF has a 12-month low of $31.08 and a 12-month high of $38.80. The stock has a market capitalization of $88.69 million, a price-to-earnings ratio of 13.65 and a beta of 0.74.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in AAM S&P 500 High Dividend Value ETF stock. JPMorgan Chase & Co. boosted its position in shares of AAM S&P 500 High Dividend Value ETF (NYSEARCA:SPDV) by 309.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,743 shares of the company’s stock after purchasing an additional 2,073 shares during the period. 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 quarter.

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.