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

AAM S&P 500 High Dividend Value ETF (NYSEARCA:SPDV) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 7,363 shares, a drop of 62.5% from the May 31st total of 19,641 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 6,978 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Trading of 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. lifted 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 filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,743 shares of the company’s stock after acquiring 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 at the end of the most recent reporting period.

AAM S&P 500 High Dividend Value ETF Stock Performance

Shares of NYSEARCA:SPDV opened at $39.19 on Friday. The company’s fifty day moving average is $38.45 and its 200-day moving average is $37.30. AAM S&P 500 High Dividend Value ETF has a 52 week low of $32.00 and a 52 week high of $39.77. The company has a market capitalization of $92.10 million, a PE ratio of 13.65 and a beta of 0.74.

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.