Spear Alpha ETF (NASDAQ:SPRX) Short Interest Up 131.8% in November

Spear Alpha ETF (NASDAQ:SPRX) was the target of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 5,100 shares, an increase of 131.8% from the October 31st total of 2,200 shares. Based on an average trading volume of 24,400 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On Spear Alpha ETF

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

Spear Alpha ETF Stock Down 1.6 %

Shares of NASDAQ:SPRX traded down $0.42 during midday trading on Thursday, hitting $25.92. 8,136 shares of the stock traded hands, compared to its average volume of 67,117. The business’s 50 day moving average is $24.05 and its two-hundred day moving average is $22.96. The stock has a market capitalization of $55.73 million, a PE ratio of 38.40 and a beta of 1.21. Spear Alpha ETF has a one year low of $18.05 and a one year high of $26.86.

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.