SPDR Portfolio S&P Sector Neutral Dividend ETF (NYSEARCA:SPDG) Shares Shorted: Short Interest Down 90.9% in October

SPDR Portfolio S&P Sector Neutral Dividend ETF (NYSEARCA:SPDG) saw a large drop in short interest in October. As of October 30th, there was short interest totaling 37 shares, a drop of 90.9% from the October 15th total of 406 shares. Based on an average daily volume of 1,389 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

SPDR Portfolio S&P Sector Neutral Dividend ETF Price Performance

Shares of SPDG traded down $0.15 on Thursday, reaching $47.43. 1,056 shares of the stock traded hands, compared to its average volume of 1,287. The stock’s 50-day moving average price is $46.06 and its 200-day moving average price is $45.19. The firm has a market cap of $13.75 million, a price-to-earnings ratio of 17.91 and a beta of 0.75. SPDR Portfolio S&P Sector Neutral Dividend ETF has a 12 month low of $38.92 and a 12 month high of $47.85.

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.