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

Spear Alpha ETF (NASDAQ:SPRX) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totalling 35,800 shares, an increase of 602.0% from the December 31st total of 5,100 shares. Based on an average daily volume of 23,500 shares, the days-to-cover ratio is presently 1.5 days.

Spear Alpha ETF Trading Down 0.2 %

NASDAQ:SPRX traded down $0.06 on Wednesday, hitting $27.11. The company’s stock had a trading volume of 39,587 shares, compared to its average volume of 41,233. Spear Alpha ETF has a one year low of $18.05 and a one year high of $30.42. The firm has a market capitalization of $52.05 million, a P/E ratio of 38.40 and a beta of 1.21. The stock has a fifty day moving average of $27.57 and a two-hundred day moving average of $24.40.

Institutional Investors Weigh In On Spear Alpha ETF

A hedge fund recently bought a new stake in Spear Alpha ETF stock. NBC Securities Inc. acquired a new position in shares of Spear Alpha ETF (NASDAQ:SPRX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,000 shares of the company’s stock, valued at approximately $45,000. NBC Securities Inc. owned approximately 0.09% of Spear Alpha ETF at the end of the most recent reporting period.

Spear Alpha ETF Company Profile

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.