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) was the recipient of a large decrease in short interest in July. As of July 31st, there was short interest totaling 98 shares, a decrease of 49.0% from the July 15th total of 192 shares. Based on an average daily trading volume, of 1,002 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

SPDR Portfolio S&P Sector Neutral Dividend ETF Price Performance

NYSEARCA:SPDG traded up $0.10 during trading hours on Friday, reaching $47.49. 570 shares of the company traded hands, compared to its average volume of 1,358. The firm’s 50-day moving average is $46.40 and its 200-day moving average is $44.75. The stock has a market cap of $13.30 million, a P/E ratio of 17.91 and a beta of 0.77. SPDR Portfolio S&P Sector Neutral Dividend ETF has a 1-year low of $38.78 and a 1-year 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.