Spear Alpha ETF (NASDAQ:SPRX) Sees Significant Increase in Short Interest

Spear Alpha ETF (NASDAQ:SPRX) saw a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 78,900 shares, a growth of 234.3% from the January 15th total of 23,600 shares. Based on an average daily volume of 28,800 shares, the days-to-cover ratio is currently 2.7 days.

Spear Alpha ETF Price Performance

Shares of NASDAQ:SPRX traded down $0.16 during trading on Wednesday, reaching $27.70. 27,562 shares of the stock were exchanged, compared to its average volume of 37,516. Spear Alpha ETF has a 1-year low of $18.05 and a 1-year high of $30.42. The stock has a fifty day moving average of $27.93 and a two-hundred day moving average of $24.79. The firm has a market cap of $53.18 million, a price-to-earnings ratio of 38.40 and a beta of 1.21.

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 position in shares of Spear Alpha ETF (NASDAQ:SPRX) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 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.