State Street SSGA US Equity Premium Income ETF (BATS:SPIN) Stock Short Interest Jumps 1,105.7%

State Street SSGA US Equity Premium Income ETF (BATS:SPIN) was the recipient of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 6,945 shares, an increase of 1,105.7% from the October 15th total of 576 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average trading volume of 2,563 shares, the short-interest ratio is currently 2.7 days.

State Street SSGA US Equity Premium Income ETF Stock Performance

BATS:SPIN traded down $0.14 during mid-day trading on Tuesday, hitting $32.55. 494 shares of the company’s stock traded hands, compared to its average volume of 6,897. The firm’s 50 day simple moving average is $33.30 and its 200 day simple moving average is $32.42. State Street SSGA US Equity Premium Income ETF has a 1 year low of $29.64 and a 1 year high of $34.02. The company has a market cap of $44.59 million, a PE ratio of 25.59 and a beta of 0.64.

State Street SSGA US Equity Premium Income ETF Company Profile

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.