Short Interest in State Street SSGA US Equity Premium Income ETF (BATS:SPIN) Expands By 142.5%

State Street SSGA US Equity Premium Income ETF (BATS:SPIN) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 12,519 shares, a growth of 142.5% from the June 30th total of 5,162 shares. Currently, 3.3% of the company’s shares are sold short. Based on an average daily volume of 8,049 shares, the short-interest ratio is currently 1.6 days.

State Street SSGA US Equity Premium Income ETF Stock Performance

BATS:SPIN opened at $31.69 on Thursday. The firm’s fifty day moving average is $32.14 and its 200-day moving average is $31.95. State Street SSGA US Equity Premium Income ETF has a 52 week low of $29.64 and a 52 week high of $33.20. The firm has a market cap of $12.04 million and a P/E ratio of 26.97.

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.