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

by · The Cerbat Gem

AAM S&P 500 High Dividend Value ETF (NYSEARCA:SPDV – Get Free Report) saw a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 1,114 shares, a drop of 85.0% from the November 30th total of 7,442 shares. Based on an average daily volume of 7,515 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 7,515 shares, the short-interest ratio is presently 0.1 days.

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 shares of AAM S&P 500 High Dividend Value ETF (NYSEARCA:SPDV – Free Report) by 309.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 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 Stock Performance

Shares of AAM S&P 500 High Dividend Value ETF stock traded up $0.20 on Wednesday, reaching $35.04. The stock had a trading volume of 1,905 shares, compared to its average volume of 7,066. The stock has a market cap of $75.34 million, a P/E ratio of 13.65 and a beta of 0.86. AAM S&P 500 High Dividend Value ETF has a fifty-two week low of $27.78 and a fifty-two week high of $35.48. The business’s 50-day moving average price is $34.37 and its two-hundred day moving average price is $33.88.

AAM S&P 500 High Dividend Value ETF Company Profile

(Get Free Report)

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.

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