SPDR Portfolio S&P Sector Neutral Dividend ETF (NYSEARCA:SPDG) Short Interest Down 61.2% in June

SPDR Portfolio S&P Sector Neutral Dividend ETF (NYSEARCA:SPDG) was the target of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 610 shares, a drop of 61.2% from the June 15th total of 1,573 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 771 shares, the days-to-cover ratio is presently 0.8 days.

SPDR Portfolio S&P Sector Neutral Dividend ETF Stock Performance

Shares of SPDG stock traded down $0.35 during mid-day trading on Wednesday, reaching $45.45. 617 shares of the company’s stock traded hands, compared to its average volume of 1,440. SPDR Portfolio S&P Sector Neutral Dividend ETF has a 12 month low of $37.75 and a 12 month high of $47.55. The firm has a 50 day moving average price of $46.16 and a two-hundred day moving average price of $44.00. The firm has a market capitalization of $12.27 million, a PE ratio of 17.91 and a beta of 0.76.

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.