Short Interest in AAM S&P 500 High Dividend Value ETF (NYSEARCA:SPDV) Increases By 44.7%

AAM S&P 500 High Dividend Value ETF (NYSEARCA:SPDV) was the target of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 23,985 shares, an increase of 44.7% from the January 29th total of 16,576 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average daily volume of 10,275 shares, the days-to-cover ratio is presently 2.3 days. Based on an average daily volume of 10,275 shares, the days-to-cover ratio is presently 2.3 days. Currently, 0.8% of the shares of the company are sold short.

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. increased its stake in 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 disclosure with the SEC. The institutional investor owned 2,743 shares of the company’s stock after purchasing an additional 2,073 shares during the quarter. JPMorgan Chase & Co. owned about 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 Price Performance

Shares of SPDV traded down $0.00 during trading hours on Monday, hitting $38.35. The company’s stock had a trading volume of 3,442 shares, compared to its average volume of 9,222. The company has a market cap of $113.90 million, a price-to-earnings ratio of 13.65 and a beta of 0.86. The business has a 50 day simple moving average of $36.71 and a two-hundred day simple moving average of $35.21. AAM S&P 500 High Dividend Value ETF has a 52-week low of $27.78 and a 52-week high of $38.80.

AAM S&P 500 High Dividend Value ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Friday, February 27th will be paid a $0.10 dividend. This represents a c) dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Friday, February 27th.

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.