Spear Alpha ETF (NASDAQ:SPRX) Stock Passes Above 200 Day Moving Average – Here’s Why

Spear Alpha ETF (NASDAQ:SPRX)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $23.13 and traded as high as $28.07. Spear Alpha ETF shares last traded at $27.76, with a volume of 22,959 shares changing hands.

Spear Alpha ETF Stock Down 1.6 %

The company has a fifty day simple moving average of $24.56 and a 200-day simple moving average of $23.13. The firm has a market cap of $59.68 million, a P/E ratio of 38.40 and a beta of 1.21.

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) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 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.

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.