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

SPDR Portfolio S&P Sector Neutral Dividend ETF (NYSEARCA:SPDG) saw a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 406 shares, a decrease of 85.4% from the September 30th total of 2,790 shares. Based on an average daily volume of 981 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the company’s stock are sold short.

SPDR Portfolio S&P Sector Neutral Dividend ETF Stock Down 0.1%

NYSEARCA SPDG traded down $0.04 on Tuesday, hitting $46.77. 241 shares of the stock were exchanged, compared to its average volume of 1,237. SPDR Portfolio S&P Sector Neutral Dividend ETF has a fifty-two week low of $38.92 and a fifty-two week high of $47.67. The company has a 50-day moving average price of $46.03 and a 200-day moving average price of $44.89. The company has a market cap of $13.10 million, a PE ratio of 17.91 and a beta of 0.78.

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.