State Street SSGA US Equity Premium Income ETF (BATS:SPIN) Short Interest Up 142.5% in July

State Street SSGA US Equity Premium Income ETF (BATS:SPIN) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 12,519 shares, an increase of 142.5% from the June 30th total of 5,162 shares. Currently, 3.3% of the company’s shares are sold short. Based on an average daily volume of 8,049 shares, the days-to-cover ratio is currently 1.6 days.

State Street SSGA US Equity Premium Income ETF Stock Up 0.0%

Shares of BATS SPIN opened at $32.08 on Wednesday. The stock has a market capitalization of $12.19 million and a PE ratio of 26.97. The firm has a fifty day moving average of $32.15 and a 200-day moving average of $31.96. State Street SSGA US Equity Premium Income ETF has a 52-week low of $29.64 and a 52-week high of $33.20.

About State Street SSGA US Equity Premium Income ETF

The SPDR SSgA US Equity Premium Income ETF (SPIN) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that primarily invests in large- and mid-cap US stocks, while utilizing a laddered, naked call writing strategy. The fund seeks to provide current income and long-term capital appreciation. SPIN was launched on Sep 4, 2024 and is issued by State Street.