Spear Alpha ETF (NASDAQ:SPRX) Sees Large Growth in Short Interest

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Spear Alpha ETF stock. NBC Securities Inc. acquired a new stake in shares of Spear Alpha ETF (NASDAQ:SPRX) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 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 Performance

NASDAQ:SPRX traded down $0.88 during trading hours on Monday, reaching $26.28. The stock had a trading volume of 66,000 shares, compared to its average volume of 43,000. The stock has a market cap of $50.46 million, a P/E ratio of 38.40 and a beta of 1.21. The stock has a 50 day simple moving average of $26.73 and a 200 day simple moving average of $24.05. Spear Alpha ETF has a 12-month low of $18.05 and a 12-month high of $30.20.

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.