Spear Alpha ETF (NASDAQ:SPRX) Sees Significant Decrease in Short Interest

Spear Alpha ETF (NASDAQ:SPRX) was the recipient of a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 3,600 shares, a decline of 29.4% from the November 15th total of 5,100 shares. Based on an average trading volume of 23,100 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Spear Alpha ETF stock. NBC Securities Inc. purchased a new stake in shares of Spear Alpha ETF (NASDAQ:SPRX) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,000 shares of the company’s stock, valued at approximately $45,000. NBC Securities Inc. owned about 0.09% of Spear Alpha ETF at the end of the most recent reporting period.

Spear Alpha ETF Stock Up 1.1 %

Shares of Spear Alpha ETF stock traded up $0.29 during mid-day trading on Friday, hitting $27.38. The stock had a trading volume of 22,070 shares, compared to its average volume of 64,849. The firm has a 50-day moving average of $25.04 and a two-hundred day moving average of $23.27. The firm has a market cap of $58.87 million, a P/E ratio of 38.40 and a beta of 1.21. Spear Alpha ETF has a 12-month low of $18.05 and a 12-month high of $28.24.

About Spear Alpha ETF

The Spear Alpha ETF (SPRX) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund actively invests in global thematic companies it believes will benefit from breakthrough innovations in the industrial and technology space. SPRX was launched on Aug 2, 2021 and is managed by Spear.