Spear Alpha ETF (NASDAQ:SPRX) Short Interest Update

Spear Alpha ETF (NASDAQ:SPRX) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 35,800 shares, a growth of 602.0% from the December 31st total of 5,100 shares. Based on an average daily volume of 23,500 shares, the days-to-cover ratio is currently 1.5 days.

Institutional Trading of Spear Alpha ETF

An institutional investor recently bought a new position in Spear Alpha ETF stock. NBC Securities Inc. purchased a new position in shares of Spear Alpha ETF (NASDAQ:SPRX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,000 shares of the company’s stock, valued at approximately $45,000. NBC Securities Inc. owned about 0.09% of Spear Alpha ETF as of its most recent SEC filing.

Spear Alpha ETF Stock Up 4.9 %

Shares of NASDAQ:SPRX traded up $1.26 during midday trading on Tuesday, reaching $27.06. The company had a trading volume of 36,901 shares, compared to its average volume of 40,756. The business’s 50 day moving average price is $27.49 and its 200 day moving average price is $24.36. The stock has a market cap of $51.96 million, a PE ratio of 38.40 and a beta of 1.21. Spear Alpha ETF has a 1-year low of $18.05 and a 1-year high of $30.42.

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.