AAM S&P 500 High Dividend Value ETF (NYSEARCA:SPDV) Short Interest Up 44.7% in February

AAM S&P 500 High Dividend Value ETF (NYSEARCA:SPDV) was the target of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 23,985 shares, a growth of 44.7% from the January 29th total of 16,576 shares. Currently, 0.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 10,275 shares, the days-to-cover ratio is presently 2.3 days. Based on an average daily trading volume, of 10,275 shares, the days-to-cover ratio is presently 2.3 days. Currently, 0.8% of the shares of the stock are short sold.

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. increased its holdings in AAM S&P 500 High Dividend Value ETF (NYSEARCA:SPDV) by 309.4% during the 2nd quarter, according to its most recent 13F 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 period. JPMorgan Chase & Co. owned about 0.13% of AAM S&P 500 High Dividend Value ETF worth $89,000 as of its most recent SEC filing.

AAM S&P 500 High Dividend Value ETF Stock Performance

SPDV stock remained flat at $38.35 on Friday. The company had a trading volume of 17,677 shares, compared to its average volume of 9,376. The company has a fifty day moving average of $36.71 and a two-hundred day moving average of $35.20. The company has a market cap of $113.90 million, a price-to-earnings ratio of 13.65 and a beta of 0.86. AAM S&P 500 High Dividend Value ETF has a 52-week low of $27.78 and a 52-week high of $38.80.

AAM S&P 500 High Dividend Value ETF Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Friday, February 27th will be paid a $0.10 dividend. The ex-dividend date is Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 3.1%.

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.