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

Spear Alpha ETF (NASDAQ:SPRX) saw a large growth in short interest in November. As of November 15th, there was short interest totalling 5,100 shares, a growth 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 traded up $0.47 during trading on Friday, reaching $26.39. The company’s stock had a trading volume of 7,071 shares, compared to its average volume of 66,857. Spear Alpha ETF has a 1 year low of $18.05 and a 1 year high of $26.86. The company has a market cap of $56.74 million, a price-to-earnings ratio of 38.40 and a beta of 1.21. The firm has a fifty day simple moving average of $24.20 and a two-hundred day simple moving average of $23.00.

Institutional Trading of Spear Alpha ETF

An institutional investor recently bought a new position in Spear Alpha ETF stock. NBC Securities Inc. purchased a new position in shares of 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 institutional investor purchased 2,000 shares of the company’s stock, valued at approximately $45,000. NBC Securities Inc. owned approximately 0.09% of Spear Alpha ETF as of its most recent filing with the Securities & 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.