Short Interest in Spear Alpha ETF (NASDAQ:SPRX) Decreases By 25.1%

Spear Alpha ETF (NASDAQ:SPRX) was the recipient of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 57,100 shares, a decrease of 25.1% from the February 28th total of 76,200 shares. Based on an average trading volume of 41,400 shares, the short-interest ratio is presently 1.4 days. Approximately 3.0% of the shares of the company are sold short.

Spear Alpha ETF Price Performance

Shares of SPRX stock traded down $0.58 during midday trading on Monday, hitting $19.61. The company had a trading volume of 30,865 shares, compared to its average volume of 39,937. The stock has a market cap of $39.22 million, a price-to-earnings ratio of 33.15 and a beta of 1.35. The company’s 50 day simple moving average is $25.01 and its 200 day simple moving average is $25.23. Spear Alpha ETF has a 52-week low of $18.05 and a 52-week high of $30.42.

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.