Spear Alpha ETF (NASDAQ:SPRX) Short Interest Up 515.4% in October

Spear Alpha ETF (NASDAQ:SPRX) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 16,000 shares, a growth of 515.4% from the September 30th total of 2,600 shares. Based on an average daily trading volume, of 31,800 shares, the days-to-cover ratio is presently 0.5 days.

Hedge Funds Weigh In On Spear Alpha ETF

An institutional investor recently bought a new position in Spear Alpha ETF stock. NBC Securities Inc. bought a new stake in Spear Alpha ETF (NASDAQ:SPRX) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 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 Price Performance

Shares of Spear Alpha ETF stock traded up $0.15 during trading hours on Friday, hitting $24.27. The company had a trading volume of 6,419 shares, compared to its average volume of 72,285. The company’s 50-day moving average is $22.65 and its two-hundred day moving average is $22.53. Spear Alpha ETF has a twelve month low of $15.55 and a twelve month high of $25.66. The company has a market cap of $52.67 million, a P/E ratio of 38.40 and a beta of 1.21.

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.