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

SPDR Portfolio S&P Sector Neutral Dividend ETF (NYSEARCA:SPDG) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 1,213 shares, an increase of 1,137.8% from the July 30th total of 98 shares. Based on an average daily volume of 806 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.4% of the company’s stock are short sold.

SPDR Portfolio S&P Sector Neutral Dividend ETF Price Performance

SPDG stock traded up $0.07 on Tuesday, reaching $46.97. 565 shares of the company traded hands, compared to its average volume of 1,324. SPDR Portfolio S&P Sector Neutral Dividend ETF has a one year low of $38.78 and a one year high of $47.67. The company has a market cap of $13.15 million, a P/E ratio of 17.91 and a beta of 0.77. The firm has a fifty day simple moving average of $46.45 and a 200-day simple moving average of $44.93.

About SPDR Portfolio S&P Sector Neutral Dividend ETF

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.