AAM S&P 500 High Dividend Value ETF (NYSEARCA:SPDV) Short Interest Up 79.5% in May

AAM S&P 500 High Dividend Value ETF (NYSEARCA:SPDV) was the target of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 19,641 shares, a growth of 79.5% from the May 14th total of 10,944 shares. Currently, 0.8% of the shares of the stock are short sold. Based on an average daily volume of 8,217 shares, the days-to-cover ratio is presently 2.4 days.

Hedge Funds 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. grew its position 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 Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 quarter.

AAM S&P 500 High Dividend Value ETF Stock Performance

Shares of SPDV stock traded down $0.20 during mid-day trading on Tuesday, hitting $39.21. 10,612 shares of the stock traded hands, compared to its average volume of 8,043. AAM S&P 500 High Dividend Value ETF has a twelve month low of $31.87 and a twelve month high of $39.77. The company’s 50-day simple moving average is $38.16 and its 200-day simple moving average is $37.05. The firm has a market cap of $92.14 million, a price-to-earnings ratio of 13.65 and a beta of 0.74.

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.