Short Interest in Spear Alpha ETF (NASDAQ:SPRX) Increases By 131.8%

Spear Alpha ETF (NASDAQ:SPRX) was the target of a significant increase in short interest in 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 daily trading volume, of 24,400 shares, the days-to-cover ratio is currently 0.2 days.

Spear Alpha ETF Trading Down 1.6 %

Shares of SPRX stock traded down $0.42 during trading hours on Thursday, hitting $25.92. 8,136 shares of the company’s stock were exchanged, compared to its average volume of 67,117. The company 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 12-month low of $18.05 and a 12-month high of $26.86. The business’s 50 day simple moving average is $24.05 and its 200-day simple moving average is $22.96.

Hedge Funds Weigh In On Spear Alpha ETF

A hedge fund recently bought a new stake in Spear Alpha ETF stock. NBC Securities Inc. acquired a new position in Spear Alpha ETF (NASDAQ:SPRX) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 2,000 shares of the company’s stock, valued at approximately $45,000. NBC Securities Inc. owned 0.09% of Spear Alpha ETF at the end of the most recent quarter.

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.