Short Interest in SPDR Portfolio S&P Sector Neutral Dividend ETF (NYSEARCA:SPDG) Drops By 68.5%

SPDR Portfolio S&P Sector Neutral Dividend ETF (NYSEARCA:SPDG) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 192 shares, a drop of 68.5% from the June 30th total of 610 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 725 shares, the days-to-cover ratio is currently 0.3 days.

SPDR Portfolio S&P Sector Neutral Dividend ETF Stock Up 1.1%

Shares of SPDR Portfolio S&P Sector Neutral Dividend ETF stock opened at $45.87 on Friday. The stock’s 50-day simple moving average is $46.28 and its 200-day simple moving average is $44.23. SPDR Portfolio S&P Sector Neutral Dividend ETF has a 52 week low of $37.75 and a 52 week high of $47.55. The company has a market capitalization of $12.38 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.