Spear Alpha ETF (NASDAQ:SPRX) Short Interest Down 53.7% in April

Spear Alpha ETF (NASDAQ:SPRX) was the target of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 134,980 shares, a decline of 53.7% from the April 15th total of 291,265 shares. Approximately 3.2% of the shares of the company are sold short. Based on an average daily volume of 103,855 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Investors Weigh In On Spear Alpha ETF

A number of large investors have recently made changes to their positions in the company. Fifth Third Securities Inc. bought a new stake in shares of Spear Alpha ETF during the 4th quarter valued at about $949,000. Claris Financial LLC bought a new stake in shares of Spear Alpha ETF during the 4th quarter valued at about $516,000. FSA Advisors Inc. grew its stake in shares of Spear Alpha ETF by 7.5% during the 1st quarter. FSA Advisors Inc. now owns 11,667 shares of the company’s stock valued at $415,000 after purchasing an additional 815 shares during the period. EverSource Wealth Advisors LLC bought a new stake in shares of Spear Alpha ETF during the 4th quarter valued at about $69,000. Finally, Noble Wealth Management PBC bought a new stake in shares of Spear Alpha ETF during the 4th quarter valued at about $38,000.

Spear Alpha ETF Stock Down 4.5%

Shares of Spear Alpha ETF stock traded down $2.26 during trading hours on Friday, reaching $48.15. 87,332 shares of the stock traded hands, compared to its average volume of 159,126. The company has a 50 day moving average price of $40.95 and a 200 day moving average price of $40.27. The firm has a market capitalization of $202.23 million, a price-to-earnings ratio of 60.13 and a beta of 1.59. Spear Alpha ETF has a one year low of $25.29 and a one year high of $50.53.

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.