SPDR Portfolio S&P Sector Neutral Dividend ETF (NYSEARCA:SPDG) Sees Large Decline in Short Interest

SPDR Portfolio S&P Sector Neutral Dividend ETF (NYSEARCA:SPDG) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 192 shares, a drop of 68.5% from the June 30th total of 610 shares. Based on an average daily trading volume, of 725 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

SPDR Portfolio S&P Sector Neutral Dividend ETF Stock Performance

SPDG traded up $0.26 during trading on Monday, hitting $46.13. The stock had a trading volume of 495 shares, compared to its average volume of 1,393. The firm has a market capitalization of $12.46 million, a P/E ratio of 17.91 and a beta of 0.76. SPDR Portfolio S&P Sector Neutral Dividend ETF has a twelve month low of $37.75 and a twelve month high of $47.55. The company’s 50-day moving average price is $46.28 and its 200 day moving average price is $44.25.

About SPDR Portfolio S&P Sector Neutral Dividend ETF

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.