Short Interest in AAM S&P 500 High Dividend Value ETF (NYSEARCA:SPDV) Expands By 83.8%

AAM S&P 500 High Dividend Value ETF (NYSEARCA:SPDV) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 10,346 shares, a growth of 83.8% from the July 30th total of 5,628 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average trading volume of 7,198 shares, the short-interest ratio is currently 1.4 days.

Institutional Investors 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 position in AAM S&P 500 High Dividend Value ETF (NYSEARCA:SPDV) by 309.4% during the second quarter, according to its most recent Form 13F filing with the Securities and 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 0.13% of AAM S&P 500 High Dividend Value ETF worth $89,000 at the end of the most recent quarter.

AAM S&P 500 High Dividend Value ETF Stock Down 0.2%

NYSEARCA SPDV traded down $0.10 on Monday, reaching $41.50. The company had a trading volume of 5,597 shares, compared to its average volume of 8,904. The stock has a market capitalization of $105.83 million, a PE ratio of 13.65 and a beta of 0.74. AAM S&P 500 High Dividend Value ETF has a 12 month low of $33.10 and a 12 month high of $42.05. The firm’s 50 day moving average price is $40.23 and its 200 day moving average price is $38.76.

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.