SPDR Portfolio S&P Sector Neutral Dividend ETF (NYSEARCA:SPDG) Short Interest Up 1,137.8% in August

SPDR Portfolio S&P Sector Neutral Dividend ETF (NYSEARCA:SPDG) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 1,213 shares, a growth of 1,137.8% from the July 30th total of 98 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 806 shares, the short-interest ratio is currently 1.5 days.

SPDR Portfolio S&P Sector Neutral Dividend ETF Price Performance

Shares of NYSEARCA SPDG remained flat at $46.97 during trading hours on Wednesday. The company had a trading volume of 565 shares, compared to its average volume of 1,324. The firm has a fifty day moving average of $46.45 and a 200-day moving average of $44.93. SPDR Portfolio S&P Sector Neutral Dividend ETF has a fifty-two week low of $38.78 and a fifty-two week high of $47.67. The stock has a market cap of $13.15 million, a PE ratio of 17.91 and a beta of 0.77.

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.