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

AAM S&P 500 High Dividend Value ETF (NYSEARCA:SPDV) was the recipient of 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. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 7,198 shares, the short-interest ratio is presently 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. lifted its stake in shares of AAM S&P 500 High Dividend Value ETF (NYSEARCA:SPDV) by 309.4% in the second 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 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 at the end of the most recent reporting period.

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

AAM S&P 500 High Dividend Value ETF stock opened at $41.50 on Tuesday. AAM S&P 500 High Dividend Value ETF has a 52-week low of $33.10 and a 52-week high of $42.05. The firm has a market cap of $105.83 million, a PE ratio of 13.65 and a beta of 0.74. The company’s 50 day moving average is $40.28 and its two-hundred day moving average is $38.79.

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.