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) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 3,578 shares, a decrease of 73.8% from the September 15th total of 13,642 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 10,634 shares, the days-to-cover ratio is presently 0.3 days.

AAM S&P 500 High Dividend Value ETF Stock Performance

Shares of SPDV traded up $0.48 during trading hours on Tuesday, reaching $39.74. The stock had a trading volume of 1,659 shares, compared to its average volume of 8,663. AAM S&P 500 High Dividend Value ETF has a 12 month low of $33.10 and a 12 month high of $42.24. The stock has a market capitalization of $102.53 million, a PE ratio of 13.65 and a beta of 0.76. The company’s 50-day moving average is $40.66 and its two-hundred day moving average is $39.32.

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.