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

AAM S&P 500 High Dividend Value ETF (NYSEARCA:SPDV) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 10,346 shares, a growth of 83.8% from the July 30th total of 5,628 shares. Based on an average trading volume of 7,198 shares, the short-interest ratio is currently 1.4 days. Currently, 0.4% of the company’s stock are sold short.

Hedge Funds 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 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 Form 13F filing with the Securities and Exchange Commission. The firm 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 quarter.

AAM S&P 500 High Dividend Value ETF Stock Down 0.2%

Shares of NYSEARCA:SPDV traded down $0.10 during trading on Friday, hitting $41.60. The stock had a trading volume of 7,325 shares, compared to its average volume of 8,924. The company has a market capitalization of $106.08 million, a PE ratio of 13.65 and a beta of 0.74. The firm’s fifty day moving average is $40.23 and its 200 day moving average is $38.76. AAM S&P 500 High Dividend Value ETF has a 12 month low of $33.10 and a 12 month high of $42.05.

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.