State Street SSGA US Equity Premium Income ETF (BATS:SPIN – Get Free Report) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 2,963 shares, a drop of 49.3% from the September 15th total of 5,848 shares. Based on an average daily volume of 8,296 shares, the short-interest ratio is presently 0.4 days. Approximately 0.8% of the shares of the stock are short sold.
State Street SSGA US Equity Premium Income ETF Price Performance
SPIN opened at $33.73 on Friday. The company has a fifty day moving average price of $33.46 and a 200-day moving average price of $32.51. The firm has a market capitalization of $12.82 million and a P/E ratio of 26.97. State Street SSGA US Equity Premium Income ETF has a one year low of $29.64 and a one year high of $34.02.
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.
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