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 recipient of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 16,576 shares, a growth of 35.0% from the January 15th total of 12,279 shares. Based on an average trading volume of 8,766 shares, the days-to-cover ratio is presently 1.9 days. Currently, 0.6% of the company’s shares are short sold. Currently, 0.6% of the company’s shares are short sold. Based on an average trading volume of 8,766 shares, the days-to-cover ratio is presently 1.9 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in AAM S&P 500 High Dividend Value ETF stock. JPMorgan Chase & Co. boosted its holdings in shares of AAM S&P 500 High Dividend Value ETF (NYSEARCA:SPDV) by 309.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent reporting period.

AAM S&P 500 High Dividend Value ETF Price Performance

NYSEARCA SPDV traded up $0.45 during mid-day trading on Friday, reaching $38.59. 12,167 shares of the stock were exchanged, compared to its average volume of 9,416. The stock has a 50 day simple moving average of $36.01 and a 200-day simple moving average of $34.81. AAM S&P 500 High Dividend Value ETF has a one year low of $27.78 and a one year high of $38.80. The stock has a market cap of $114.61 million, a P/E ratio of 13.65 and a beta of 0.86.

AAM S&P 500 High Dividend Value ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, February 3rd. Investors of record on Friday, January 30th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, January 30th. This represents a c) annualized dividend and a yield of 3.1%.

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.