Spear Alpha ETF (NASDAQ:SPRX) Short Interest Up 30.0% in September

Spear Alpha ETF (NASDAQ:SPRX) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 2,600 shares, a growth of 30.0% from the September 15th total of 2,000 shares. Based on an average daily volume of 36,900 shares, the short-interest ratio is currently 0.1 days.

Spear Alpha ETF Stock Down 2.3 %

Shares of Spear Alpha ETF stock traded down $0.56 during midday trading on Tuesday, hitting $23.88. The company’s stock had a trading volume of 14,748 shares, compared to its average volume of 74,561. Spear Alpha ETF has a 1-year low of $15.55 and a 1-year high of $25.66. The firm has a market capitalization of $54.93 million, a P/E ratio of 38.40 and a beta of 1.21. The stock has a 50-day simple moving average of $22.13 and a 200-day simple moving average of $22.46.

Institutional Investors 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 shares of Spear Alpha ETF (NASDAQ:SPRX) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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.