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

AAM S&P 500 High Dividend Value ETF (NYSEARCA:SPDV) saw a large decline in short interest in 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. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 18,164 shares, the days-to-cover ratio is presently 0.3 days.

AAM S&P 500 High Dividend Value ETF Stock Performance

Shares of NYSEARCA SPDV traded down $0.55 during trading hours on Monday, hitting $40.90. 8,557 shares of the stock were exchanged, compared to its average volume of 8,954. The company’s fifty day simple moving average is $39.70 and its two-hundred day simple moving average is $38.44. The company has a market cap of $104.30 million, a PE ratio of 13.65 and a beta of 0.74. AAM S&P 500 High Dividend Value ETF has a 1-year low of $33.10 and a 1-year high of $41.50.

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

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