SPDR Portfolio S&P Sector Neutral Dividend ETF (NYSEARCA:SPDG) Sees Significant 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 July. As of July 15th, there was short interest totaling 192 shares, a decrease of 68.5% from the June 30th total of 610 shares. Based on an average daily volume of 725 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are sold short.

SPDR Portfolio S&P Sector Neutral Dividend ETF Price Performance

Shares of NYSEARCA SPDG traded up $0.56 during mid-day trading on Tuesday, hitting $46.69. The company’s stock had a trading volume of 379 shares, compared to its average volume of 1,385. SPDR Portfolio S&P Sector Neutral Dividend ETF has a one year low of $37.75 and a one year high of $47.55. The company’s fifty day simple moving average is $46.30 and its 200-day simple moving average is $44.28. The stock has a market cap of $12.61 million, a price-to-earnings ratio of 17.91 and a beta of 0.76.

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.