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

SPDR Portfolio S&P Sector Neutral Dividend ETF (NYSEARCA:SPDG) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 227 shares, a drop of 81.3% from the August 15th total of 1,213 shares. Based on an average daily volume of 955 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

SPDR Portfolio S&P Sector Neutral Dividend ETF Stock Performance

Shares of NYSEARCA:SPDG traded up $0.75 during midday trading on Friday, reaching $46.81. The company’s stock had a trading volume of 488 shares, compared to its average volume of 1,326. SPDR Portfolio S&P Sector Neutral Dividend ETF has a fifty-two week low of $38.78 and a fifty-two week high of $47.67. The firm has a 50 day moving average price of $46.54 and a two-hundred day moving average price of $45.11. The firm has a market capitalization of $13.11 million, a price-to-earnings ratio of 17.91 and a beta of 0.77.

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.