Spear Alpha ETF (NASDAQ:SPRX) Short Interest Up 41.7% in December

Spear Alpha ETF (NASDAQ:SPRX) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totalling 5,100 shares, an increase of 41.7% from the November 30th total of 3,600 shares. Based on an average trading volume of 22,300 shares, the days-to-cover ratio is presently 0.2 days.

Spear Alpha ETF Trading Down 1.9 %

Shares of SPRX stock traded down $0.56 on Friday, reaching $28.16. 20,105 shares of the stock were exchanged, compared to its average volume of 63,734. Spear Alpha ETF has a twelve month low of $18.05 and a twelve month high of $28.75. The company has a market capitalization of $60.54 million, a price-to-earnings ratio of 38.40 and a beta of 1.21. The business’s 50 day moving average price is $25.89 and its 200 day moving average price is $23.68.

Institutional Investors Weigh In On Spear Alpha ETF

An institutional investor recently bought a new position in Spear Alpha ETF stock. NBC Securities Inc. purchased a new stake in Spear Alpha ETF (NASDAQ:SPRX) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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.

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.