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

SPDR Portfolio S&P Sector Neutral Dividend ETF (NYSEARCA:SPDG – Get Free Report) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 406 shares, a decline of 85.4% from the September 30th total of 2,790 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 981 shares, the short-interest ratio is presently 0.4 days.

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

SPDG stock traded down $0.04 during trading on Tuesday, hitting $46.77. The company had a trading volume of 241 shares, compared to its average volume of 1,237. The firm has a 50-day moving average price of $46.03 and a 200-day moving average price of $44.89. The firm 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 has a 1-year low of $38.92 and a 1-year high of $47.67.

About SPDR Portfolio S&P Sector Neutral Dividend ETF

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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.

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