SPDR Portfolio S&P Sector Neutral Dividend ETF (NYSEARCA:SPDG) Sees Significant Increase in Short Interest

SPDR Portfolio S&P Sector Neutral Dividend ETF (NYSEARCA:SPDG) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 2,790 shares, a growth of 149.8% from the September 15th total of 1,117 shares. Based on an average trading volume of 813 shares, the days-to-cover ratio is currently 3.4 days. Approximately 1.0% of the company’s stock are sold short.

SPDR Portfolio S&P Sector Neutral Dividend ETF Price Performance

Shares of SPDG traded down $0.15 during mid-day trading on Wednesday, reaching $45.36. The company’s stock had a trading volume of 610 shares, compared to its average volume of 1,267. SPDR Portfolio S&P Sector Neutral Dividend ETF has a 12-month low of $38.92 and a 12-month high of $47.67. The stock has a market cap of $12.70 million, a PE ratio of 17.91 and a beta of 0.78. The company’s 50 day moving average is $46.26 and its 200 day moving average is $45.53.

SPDR Portfolio S&P Sector Neutral Dividend ETF Company Profile

The SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund follows an index that is weighted by market capitalization, comprising US companies from the S&P 1500 Composite Index that have maintained or raised their dividends for at least seven consecutive years. SPDG was launched on Sep 11, 2023 and is issued by State Street.