AAM S&P 500 High Dividend Value ETF (NYSEARCA:SPDV) Short Interest Down 44.1% in July

AAM S&P 500 High Dividend Value ETF (NYSEARCA:SPDV) was the recipient of a significant decline in short interest in July. As of July 31st, there was short interest totaling 5,628 shares, a decline of 44.1% from the July 15th total of 10,059 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 18,164 shares, the days-to-cover ratio is currently 0.3 days.

AAM S&P 500 High Dividend Value ETF Stock Performance

Shares of SPDV traded up $0.17 during mid-day trading on Tuesday, reaching $41.11. The company had a trading volume of 4,776 shares, compared to its average volume of 8,939. The company has a market capitalization of $104.83 million, a price-to-earnings ratio of 13.65 and a beta of 0.74. The company’s 50 day simple moving average is $39.74 and its 200 day simple moving average is $38.47. AAM S&P 500 High Dividend Value ETF has a 1-year low of $33.10 and a 1-year high of $41.50.

Institutional Trading of AAM S&P 500 High Dividend Value ETF

A hedge fund recently raised its position in AAM S&P 500 High Dividend Value ETF stock. JPMorgan Chase & Co. increased its position in shares of AAM S&P 500 High Dividend Value ETF (NYSEARCA:SPDV) by 309.4% during 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 acquiring an additional 2,073 shares during the period. 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 reporting period.

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.