Spear Alpha ETF (NASDAQ:SPRX) Short Interest Up 41.6% in January

Spear Alpha ETF (NASDAQ:SPRX) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 316,791 shares, a growth of 41.6% from the December 31st total of 223,755 shares. Approximately 8.5% of the shares of the stock are sold short. Based on an average daily volume of 149,533 shares, the short-interest ratio is currently 2.1 days. Based on an average daily volume of 149,533 shares, the short-interest ratio is currently 2.1 days. Approximately 8.5% of the shares of the stock are sold short.

Spear Alpha ETF Stock Performance

Shares of Spear Alpha ETF stock opened at $40.49 on Friday. Spear Alpha ETF has a fifty-two week low of $16.31 and a fifty-two week high of $44.48. The company has a market capitalization of $149.81 million, a P/E ratio of 60.13 and a beta of 1.52. The company has a fifty day moving average of $40.05 and a 200 day moving average of $38.09.

Institutional Trading of Spear Alpha ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fifth Third Securities Inc. purchased a new position in Spear Alpha ETF in the 4th quarter worth approximately $949,000. FSA Advisors Inc. bought a new stake in shares of Spear Alpha ETF during the second quarter valued at approximately $235,000. Finally, Noble Wealth Management PBC purchased a new position in shares of Spear Alpha ETF in the fourth quarter worth $38,000.

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.