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

SPDR Portfolio S&P Sector Neutral Dividend ETF (NYSEARCA:SPDG) was the recipient of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 1,213 shares, a growth of 1,137.8% from the July 30th total of 98 shares. Based on an average daily trading volume, of 806 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.4% of the shares of the company are short sold.

SPDR Portfolio S&P Sector Neutral Dividend ETF Price Performance

Shares of SPDG stock traded up $0.07 during trading hours on Tuesday, reaching $46.97. 565 shares of the company traded hands, compared to its average volume of 1,324. The firm has a 50-day moving average price of $46.45 and a 200 day moving average price of $44.93. The company has a market cap of $13.15 million, a P/E ratio of 17.91 and a beta of 0.77. SPDR Portfolio S&P Sector Neutral Dividend ETF has a 12-month low of $38.78 and a 12-month high of $47.67.

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.