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 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 shares of the stock 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 shares of the stock are sold short.

AAM S&P 500 High Dividend Value ETF Price Performance

NYSEARCA:SPDV opened at $36.47 on Friday. The company has a market capitalization of $80.96 million, a price-to-earnings ratio of 13.65 and a beta of 0.86. The business has a 50 day moving average of $35.33 and a 200 day moving average of $34.49. AAM S&P 500 High Dividend Value ETF has a 1-year low of $27.78 and a 1-year high of $36.81.

AAM S&P 500 High Dividend Value ETF Cuts Dividend

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

Institutional Trading of 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. grew its stake 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 Form 13F filing with the SEC. The firm owned 2,743 shares of the company’s stock after purchasing 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 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.