Short Interest in AAM S&P 500 High Dividend Value ETF (NYSEARCA:SPDV) Grows By 126.3%

AAM S&P 500 High Dividend Value ETF (NYSEARCA:SPDV) saw a large growth in short interest during the month of 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 shares are sold short.

AAM S&P 500 High Dividend Value ETF Stock Down 0.5%

NYSEARCA:SPDV opened at $37.74 on Friday. The company has a fifty day moving average of $37.37 and a 200 day moving average of $36.31. AAM S&P 500 High Dividend Value ETF has a 52 week low of $31.08 and a 52 week high of $38.80. The firm has a market capitalization of $88.69 million, a P/E ratio of 13.65 and a beta of 0.74.

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. boosted its position in shares of AAM S&P 500 High Dividend Value ETF (NYSEARCA:SPDV) by 309.4% in the second quarter, according to 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 approximately 0.13% of AAM S&P 500 High Dividend Value ETF worth $89,000 as of its most recent filing with the Securities & Exchange Commission.

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.