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

Spear Alpha ETF (NASDAQ:SPRX) was the target of a large growth in short interest in 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. Based on an average daily volume of 110,882 shares, the days-to-cover ratio is currently 0.9 days. Approximately 2.7% of the company’s stock are sold short. Approximately 2.7% of the company’s stock are sold short. Based on an average daily volume of 110,882 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Investors Weigh In On Spear Alpha ETF

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

Spear Alpha ETF Price Performance

Shares of NASDAQ:SPRX traded up $0.01 during trading on Wednesday, hitting $38.96. 4,661 shares of the company were exchanged, compared to its average volume of 80,383. The firm’s 50 day moving average price is $39.50 and its 200-day moving average price is $36.19. Spear Alpha ETF has a 12-month low of $16.31 and a 12-month high of $44.48. The stock has a market capitalization of $140.24 million, a P/E ratio of 60.13 and a beta of 1.52.

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.