Spear Alpha ETF (NASDAQ:SPRX) Short Interest Update

Spear Alpha ETF (NASDAQ:SPRX) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 5,100 shares, an increase of 41.7% from the November 30th total of 3,600 shares. Based on an average daily trading volume, of 22,300 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. acquired a new stake in Spear Alpha ETF (NASDAQ:SPRX) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 quarter.

Spear Alpha ETF Price Performance

Shares of SPRX stock traded down $0.56 during trading hours on Friday, hitting $28.16. The company had a trading volume of 20,105 shares, compared to its average volume of 63,734. The stock has a market capitalization of $60.54 million, a PE ratio of 38.40 and a beta of 1.21. The company’s fifty day moving average is $25.89 and its 200 day moving average is $23.68. Spear Alpha ETF has a fifty-two week low of $18.05 and a fifty-two week high of $28.75.

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.