Spear Alpha ETF (NASDAQ:SPRX) Short Interest Update

Spear Alpha ETF (NASDAQ:SPRX) saw a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 2,200 shares, a decline of 86.3% from the October 15th total of 16,000 shares. Based on an average daily volume of 25,300 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Spear Alpha ETF stock. NBC Securities Inc. purchased a new stake in shares of Spear Alpha ETF (NASDAQ:SPRX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 2,000 shares of the company’s stock, valued at approximately $45,000. NBC Securities Inc. owned 0.09% of Spear Alpha ETF as of its most recent SEC filing.

Spear Alpha ETF Price Performance

Shares of SPRX traded up $0.26 during mid-day trading on Wednesday, hitting $25.24. The stock had a trading volume of 3,339 shares, compared to its average volume of 69,293. The firm has a market cap of $54.27 million, a P/E ratio of 38.40 and a beta of 1.21. Spear Alpha ETF has a 52 week low of $18.02 and a 52 week high of $25.66. The business has a fifty day moving average price of $23.06 and a 200-day moving average price of $22.71.

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.