Short Interest in State Street SSGA US Equity Premium Income ETF (BATS:SPIN) Increases By 264.2%

State Street SSGA US Equity Premium Income ETF (BATS:SPIN) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 6,683 shares, a growth of 264.2% from the April 30th total of 1,835 shares. Based on an average daily volume of 10,949 shares, the days-to-cover ratio is presently 0.6 days. Currently, 1.8% of the shares of the company are short sold.

State Street SSGA US Equity Premium Income ETF Trading Up 0.3%

Shares of BATS:SPIN opened at $32.60 on Friday. The firm’s 50 day moving average is $31.55 and its two-hundred day moving average is $32.00. State Street SSGA US Equity Premium Income ETF has a 52 week low of $28.49 and a 52 week high of $33.20. The firm has a market capitalization of $12.39 million and a P/E ratio of 26.97.

About State Street SSGA US Equity Premium Income ETF

The SPDR SSgA US Equity Premium Income ETF (SPIN) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that primarily invests in large- and mid-cap US stocks, while utilizing a laddered, naked call writing strategy. The fund seeks to provide current income and long-term capital appreciation. SPIN was launched on Sep 4, 2024 and is issued by State Street.