Spear Alpha ETF (NASDAQ:SPRX) Short Interest Up 41.7% in December

Spear Alpha ETF (NASDAQ:SPRX) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 5,100 shares, a growth 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.

Spear Alpha ETF Stock Down 1.9 %

Shares of Spear Alpha ETF stock traded down $0.56 during trading on Friday, reaching $28.16. The company’s stock had a trading volume of 20,105 shares, compared to its average volume of 63,734. The business has a 50 day moving average price of $25.89 and a 200-day moving average price of $23.68. Spear Alpha ETF has a 12-month low of $18.05 and a 12-month high of $28.75. The company has a market capitalization of $60.54 million, a P/E ratio of 38.40 and a beta of 1.21.

Institutional Investors Weigh In On Spear Alpha ETF

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

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.