Short Interest in SPDR Portfolio S&P Sector Neutral Dividend ETF (NYSEARCA:SPDG) Drops By 81.3%

SPDR Portfolio S&P Sector Neutral Dividend ETF (NYSEARCA:SPDG) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totaling 227 shares, a drop of 81.3% from the August 15th total of 1,213 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 955 shares, the short-interest ratio is currently 0.2 days.

SPDR Portfolio S&P Sector Neutral Dividend ETF Price Performance

SPDG traded up $0.58 on Friday, reaching $46.64. 625 shares of the company’s stock were exchanged, compared to its average volume of 1,331. SPDR Portfolio S&P Sector Neutral Dividend ETF has a twelve month low of $38.78 and a twelve month high of $47.67. The stock has a market cap of $13.06 million, a PE ratio of 17.91 and a beta of 0.77. The stock’s fifty day moving average price is $46.53 and its 200-day moving average price is $45.10.

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.