SPDR Portfolio S&P Sector Neutral Dividend ETF (NYSEARCA:SPDG) Shares Shorted: Short Interest Up 149.8% in September

SPDR Portfolio S&P Sector Neutral Dividend ETF (NYSEARCA:SPDG) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 2,790 shares, an increase of 149.8% from the September 15th total of 1,117 shares. Based on an average trading volume of 813 shares, the short-interest ratio is currently 3.4 days. Currently, 1.0% of the company’s shares are sold short.

SPDR Portfolio S&P Sector Neutral Dividend ETF Price Performance

Shares of NYSEARCA:SPDG opened at $45.34 on Thursday. The company has a market capitalization of $12.70 million, a price-to-earnings ratio of 17.91 and a beta of 0.78. The business’s 50-day moving average is $46.22 and its 200-day moving average is $45.55. SPDR Portfolio S&P Sector Neutral Dividend ETF has a 1 year low of $38.92 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.