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

AAM S&P 500 High Dividend Value ETF (NYSEARCA:SPDV) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 12,279 shares, a growth of 190.8% from the December 31st total of 4,222 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily volume of 9,348 shares, the days-to-cover ratio is currently 1.3 days. Based on an average daily volume of 9,348 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.6% of the company’s shares are sold short.

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. increased its holdings in shares of AAM S&P 500 High Dividend Value ETF (NYSEARCA:SPDV) by 309.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,743 shares of the company’s stock after purchasing an additional 2,073 shares during the quarter. JPMorgan Chase & Co. owned 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 Price Performance

Shares of NYSEARCA SPDV opened at $36.46 on Thursday. The company has a market capitalization of $80.94 million, a P/E ratio of 13.65 and a beta of 0.86. The company has a 50 day simple moving average of $35.21 and a 200-day simple moving average of $34.45. AAM S&P 500 High Dividend Value ETF has a 1 year low of $27.78 and a 1 year high of $36.81.

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.