State Street SSGA US Equity Premium Income ETF (BATS:SPIN) Sees Significant Increase in Short Interest

State Street SSGA US Equity Premium Income ETF (BATS:SPIN) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 6,683 shares, a growth of 264.2% from the April 30th total of 1,835 shares. Approximately 1.8% of the company’s shares are short sold. Based on an average trading volume of 10,949 shares, the short-interest ratio is currently 0.6 days.

State Street SSGA US Equity Premium Income ETF Stock Performance

SPIN stock opened at $32.49 on Friday. The stock has a market capitalization of $12.35 million and a P/E ratio of 26.97. The company has a 50 day moving average price of $31.52 and a two-hundred day moving average price of $31.99. State Street SSGA US Equity Premium Income ETF has a one year low of $28.49 and a one year high of $33.20.

State Street SSGA US Equity Premium Income ETF Company Profile

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.