Short Interest in SPDR Portfolio S&P Sector Neutral Dividend ETF (NYSEARCA:SPDG) Declines By 34.1%

SPDR Portfolio S&P Sector Neutral Dividend ETF (NYSEARCA:SPDG) was the recipient of a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 1,254 shares, a decrease of 34.1% from the April 15th total of 1,903 shares. Based on an average daily volume of 853 shares, the short-interest ratio is presently 1.5 days. Currently, 0.4% of the company’s stock are sold short.

SPDR Portfolio S&P Sector Neutral Dividend ETF Price Performance

Shares of SPDG remained flat at $45.28 during mid-day trading on Tuesday. 514 shares of the stock traded hands, compared to its average volume of 1,764. The company has a 50-day moving average price of $42.99 and a 200-day moving average price of $42.29. SPDR Portfolio S&P Sector Neutral Dividend ETF has a 52-week low of $36.85 and a 52-week high of $45.44. The company has a market cap of $12.68 million, a price-to-earnings 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.