Spear Alpha ETF (NASDAQ:SPRX) Short Interest Update

Spear Alpha ETF (NASDAQ:SPRX) saw a significant increase in short interest in January. As of January 15th, there was short interest totalling 35,800 shares, an increase of 602.0% from the December 31st total of 5,100 shares. Based on an average daily trading volume, of 23,500 shares, the short-interest ratio is currently 1.5 days.

Spear Alpha ETF Stock Performance

Shares of NASDAQ SPRX traded up $1.26 during mid-day trading on Tuesday, hitting $27.06. 36,901 shares of the stock were exchanged, compared to its average volume of 40,756. The company has a market cap of $51.96 million, a P/E ratio of 38.40 and a beta of 1.21. The stock’s fifty day simple moving average is $27.49 and its two-hundred day simple moving average is $24.36. Spear Alpha ETF has a twelve month low of $18.05 and a twelve month high of $30.42.

Institutional Trading of Spear Alpha ETF

An institutional investor recently bought a new position in Spear Alpha ETF stock. NBC Securities Inc. bought a new position in shares of Spear Alpha ETF (NASDAQ:SPRX) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 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 filing with the Securities and Exchange Commission.

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.