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

Spear Alpha ETF (NASDAQ:SPRX) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totaling 223,755 shares, an increase of 132.2% from the December 15th total of 96,350 shares. Approximately 6.0% of the company’s stock are sold short. Based on an average trading volume of 102,331 shares, the short-interest ratio is presently 2.2 days. Based on an average trading volume of 102,331 shares, the short-interest ratio is presently 2.2 days. Approximately 6.0% of the company’s stock are sold short.

Spear Alpha ETF Trading Up 1.8%

SPRX traded up $0.76 on Friday, hitting $42.37. 128,797 shares of the company were exchanged, compared to its average volume of 148,660. The firm has a 50-day moving average price of $39.19 and a two-hundred day moving average price of $37.09. Spear Alpha ETF has a twelve month low of $16.31 and a twelve month high of $44.48. The company has a market cap of $161.01 million, a price-to-earnings ratio of 60.13 and a beta of 1.52.

Institutional Investors Weigh In On Spear Alpha ETF

A hedge fund recently bought a new stake in Spear Alpha ETF stock. FSA Advisors Inc. bought a new stake in Spear Alpha ETF (NASDAQ:SPRX) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 7,943 shares of the company’s stock, valued at approximately $235,000. FSA Advisors Inc. owned about 0.39% of Spear Alpha ETF as of its most recent filing with the Securities & Exchange Commission.

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.