Short Interest in SPDR Portfolio S&P Sector Neutral Dividend ETF (NYSEARCA:SPDG) Drops By 49.0%

SPDR Portfolio S&P Sector Neutral Dividend ETF (NYSEARCA:SPDG) was the recipient of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 98 shares, a drop of 49.0% from the July 15th total of 192 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 1,002 shares, the days-to-cover ratio is currently 0.1 days.

SPDR Portfolio S&P Sector Neutral Dividend ETF Stock Performance

NYSEARCA:SPDG traded down $0.18 on Tuesday, hitting $47.08. 392 shares of the stock were exchanged, compared to its average volume of 1,348. SPDR Portfolio S&P Sector Neutral Dividend ETF has a 52 week low of $38.78 and a 52 week high of $47.67. The stock has a market capitalization of $13.18 million, a price-to-earnings ratio of 17.91 and a beta of 0.77. The company’s 50-day moving average price is $46.41 and its 200 day moving average price is $44.78.

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.