SPDR Portfolio S&P Sector Neutral Dividend ETF (NYSEARCA:SPDG) Shares Shorted: Short Interest Up 392.1% in September

SPDR Portfolio S&P Sector Neutral Dividend ETF (NYSEARCA:SPDG) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 1,117 shares, an increase of 392.1% from the August 31st total of 227 shares. Based on an average daily volume of 1,181 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.4% of the shares of the stock are short sold.

SPDR Portfolio S&P Sector Neutral Dividend ETF Stock Performance

Shares of SPDG stock opened at $45.21 on Friday. 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 stock’s fifty day moving average is $46.45 and its two-hundred day moving average is $45.24. The firm has a market capitalization of $12.66 million, a P/E ratio of 17.91 and a beta of 0.77.

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.