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) saw a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 19,641 shares, an increase of 79.5% from the May 14th total of 10,944 shares. Based on an average daily trading volume, of 8,217 shares, the short-interest ratio is currently 2.4 days. Currently, 0.8% of the company’s stock are short sold.

Hedge Funds 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 holdings 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 filing with the Securities and Exchange Commission (SEC). The fund owned 2,743 shares of the company’s stock after buying 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 quarter.

AAM S&P 500 High Dividend Value ETF Price Performance

AAM S&P 500 High Dividend Value ETF stock opened at $39.21 on Wednesday. The firm has a 50-day moving average of $38.20 and a 200-day moving average of $37.08. AAM S&P 500 High Dividend Value ETF has a one year low of $31.87 and a one year high of $39.77. The company has a market cap of $92.14 million, a price-to-earnings ratio of 13.65 and a beta of 0.74.

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.