Short Interest in Spear Alpha ETF (NASDAQ:SPRX) Grows By 132.2%

Spear Alpha ETF (NASDAQ:SPRX) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 223,755 shares, an increase of 132.2% from the December 15th total of 96,350 shares. Based on an average trading volume of 102,331 shares, the short-interest ratio is presently 2.2 days. Approximately 6.0% of the shares of the company are sold short. Approximately 6.0% of the shares of the company are sold short. Based on an average trading volume of 102,331 shares, the short-interest ratio is presently 2.2 days.

Spear Alpha ETF Stock Performance

SPRX opened at $41.99 on Wednesday. The stock has a market capitalization of $159.56 million, a P/E ratio of 60.13 and a beta of 1.52. Spear Alpha ETF has a one year low of $16.31 and a one year high of $44.48. The business’s 50-day simple moving average is $39.18 and its 200-day simple moving average is $37.03.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Spear Alpha ETF stock. Noble Wealth Management PBC bought a new position in shares of Spear Alpha ETF (NASDAQ:SPRX) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,000 shares of the company’s stock, valued at approximately $38,000.

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.