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

Spear Alpha ETF (NASDAQ:SPRX) saw a significant increase in short interest in November. As of November 15th, there was short interest totalling 5,100 shares, an increase of 131.8% from the October 31st total of 2,200 shares. Based on an average trading volume of 24,400 shares, the days-to-cover ratio is currently 0.2 days.

Spear Alpha ETF Stock Performance

SPRX stock traded up $0.47 on Friday, reaching $26.39. The company’s stock had a trading volume of 7,071 shares, compared to its average volume of 66,857. Spear Alpha ETF has a 12-month low of $18.05 and a 12-month high of $26.86. The firm has a market cap of $56.74 million, a PE ratio of 38.40 and a beta of 1.21. The business has a fifty day simple moving average of $24.20 and a two-hundred day simple moving average of $23.00.

Institutional Investors 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 stake in shares of Spear Alpha ETF (NASDAQ:SPRX) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 2,000 shares of the company’s stock, valued at approximately $45,000. NBC Securities Inc. owned approximately 0.09% of Spear Alpha ETF as of its most recent filing with the SEC.

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.