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) was the target of a large growth in short interest in 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 short sold. Based on an average daily trading volume, of 9,348 shares, the days-to-cover ratio is presently 1.3 days. Based on an average daily trading volume, of 9,348 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.6% of the company’s shares are short sold.

AAM S&P 500 High Dividend Value ETF Price Performance

NYSEARCA:SPDV opened at $36.47 on Friday. The business’s 50-day simple moving average is $35.33 and its 200-day simple moving average is $34.49. AAM S&P 500 High Dividend Value ETF has a fifty-two week low of $27.78 and a fifty-two week high of $36.81. The stock has a market capitalization of $80.96 million, a PE ratio of 13.65 and a beta of 0.86.

AAM S&P 500 High Dividend Value ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, February 3rd. Stockholders of record on Friday, January 30th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 3.3%.

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. boosted its holdings in 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 Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,743 shares of the company’s stock after purchasing 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 as of its most recent filing with the Securities and Exchange Commission.

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.