Spear Alpha ETF (NASDAQ:SPRX) Sees Large Growth in Short Interest

Spear Alpha ETF (NASDAQ:SPRX) was the target of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 5,100 shares, an increase of 131.8% from the October 31st total of 2,200 shares. Based on an average daily volume of 24,400 shares, the short-interest ratio is currently 0.2 days.

Spear Alpha ETF Stock Up 1.8 %

SPRX stock traded up $0.47 during midday trading on Friday, hitting $26.39. The company’s stock had a trading volume of 7,071 shares, compared to its average volume of 66,857. The stock’s 50-day moving average price is $24.20 and its 200 day moving average price is $23.00. Spear Alpha ETF has a 1 year low of $18.05 and a 1 year high of $26.86. The stock has a market cap of $56.74 million, a price-to-earnings ratio of 38.40 and a beta of 1.21.

Institutional Inflows and Outflows

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

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.