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

Spear Alpha ETF (NASDAQ:SPRX) saw a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 3,600 shares, a decrease of 29.4% from the November 15th total of 5,100 shares. Based on an average daily trading volume, of 23,100 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On Spear Alpha ETF

An institutional investor recently bought a new position in Spear Alpha ETF stock. NBC Securities Inc. acquired a new position in shares of Spear Alpha ETF (NASDAQ:SPRX) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 Price Performance

Shares of Spear Alpha ETF stock traded up $0.29 during midday trading on Friday, reaching $27.38. The company had a trading volume of 22,070 shares, compared to its average volume of 64,849. The stock has a fifty day moving average price of $25.04 and a 200 day moving average price of $23.27. Spear Alpha ETF has a fifty-two week low of $18.05 and a fifty-two week high of $28.24. The firm has a market cap of $58.87 million, a PE ratio of 38.40 and a beta of 1.21.

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.