State Street SSGA US Equity Premium Income ETF (BATS:SPIN) Stock Short Interest Climbs 1,105.7%

State Street SSGA US Equity Premium Income ETF (BATS:SPIN) saw a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 6,945 shares, an increase of 1,105.7% from the October 15th total of 576 shares. Based on an average trading volume of 2,563 shares, the short-interest ratio is currently 2.7 days. Approximately 0.5% of the shares of the stock are sold short.

State Street SSGA US Equity Premium Income ETF Stock Down 0.4%

Shares of SPIN traded down $0.14 on Tuesday, reaching $32.55. The stock had a trading volume of 494 shares, compared to its average volume of 6,897. The firm has a market capitalization of $44.59 million, a PE ratio of 25.59 and a beta of 0.64. The firm has a 50-day moving average of $33.30 and a 200 day moving average of $32.42. State Street SSGA US Equity Premium Income ETF has a twelve month low of $29.64 and a twelve month high of $34.02.

About State Street SSGA US Equity Premium Income ETF

The SPDR SSgA US Equity Premium Income ETF (SPIN) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that primarily invests in large- and mid-cap US stocks, while utilizing a laddered, naked call writing strategy. The fund seeks to provide current income and long-term capital appreciation. SPIN was launched on Sep 4, 2024 and is issued by State Street.