Short Interest in Spear Alpha ETF (NASDAQ:SPRX) Increases By 36.5%

Spear Alpha ETF (NASDAQ:SPRX) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 96,350 shares, a growth of 36.5% from the November 30th total of 70,586 shares. Approximately 2.7% of the company’s shares are short sold. Based on an average daily trading volume, of 110,882 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily trading volume, of 110,882 shares, the days-to-cover ratio is presently 0.9 days. Approximately 2.7% of the company’s shares are short sold.

Spear Alpha ETF Stock Performance

Shares of SPRX stock traded up $0.04 on Tuesday, hitting $39.07. The company had a trading volume of 54,845 shares, compared to its average volume of 80,633. Spear Alpha ETF has a twelve month low of $16.31 and a twelve month high of $44.48. The firm has a market cap of $140.66 million, a P/E ratio of 60.13 and a beta of 1.52. The stock’s 50-day moving average is $39.52 and its two-hundred day moving average is $36.10.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Spear Alpha ETF stock. FSA Advisors Inc. bought a new position in Spear Alpha ETF (NASDAQ:SPRX) during the second quarter, according to its most recent filing with the SEC. The firm bought 7,943 shares of the company’s stock, valued at approximately $235,000. FSA Advisors Inc. owned approximately 0.39% 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.