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

Spear Alpha ETF (NASDAQ:SPRX) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 67,458 shares, a decline of 39.1% from the June 30th total of 110,710 shares. Based on an average daily trading volume, of 90,761 shares, the short-interest ratio is currently 0.7 days. Currently, 1.4% of the company’s shares are sold short.

Spear Alpha ETF Stock Up 11.1%

Shares of SPRX traded up $4.19 during trading hours on Thursday, reaching $41.88. The stock had a trading volume of 39,260 shares, compared to its average volume of 155,482. The company has a market cap of $197.67 million, a P/E ratio of 60.13 and a beta of 1.64. Spear Alpha ETF has a 52 week low of $31.31 and a 52 week high of $59.10. The firm has a 50-day moving average of $51.74 and a 200 day moving average of $44.81.

Institutional Investors Weigh In On Spear Alpha ETF

Several large investors have recently modified their holdings of the business. GoalVest Advisory LLC raised its position in shares of Spear Alpha ETF by 63.6% during the second quarter. GoalVest Advisory LLC now owns 248,646 shares of the company’s stock worth $14,416,000 after purchasing an additional 96,693 shares during the period. Fifth Third Securities Inc. acquired a new position in shares of Spear Alpha ETF in the 4th quarter valued at approximately $949,000. Claris Financial LLC bought a new stake in Spear Alpha ETF during the 4th quarter worth approximately $516,000. FSA Advisors Inc. increased its stake in Spear Alpha ETF by 7.5% during the 1st quarter. FSA Advisors Inc. now owns 11,667 shares of the company’s stock worth $415,000 after purchasing an additional 815 shares in the last quarter. Finally, Worth Asset Management LLC acquired a new stake in Spear Alpha ETF during the 2nd quarter worth approximately $232,000.

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.