Spear Alpha ETF (NASDAQ:SPRX) Short Interest Down 39.1% in July

Spear Alpha ETF (NASDAQ:SPRX) was the recipient of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 67,458 shares, a decrease of 39.1% from the June 30th total of 110,710 shares. Currently, 1.4% of the shares of the stock are sold short. Based on an average daily volume of 90,761 shares, the short-interest ratio is presently 0.7 days.

Spear Alpha ETF Trading Up 11.7%

SPRX stock opened at $42.11 on Friday. Spear Alpha ETF has a 1-year low of $31.31 and a 1-year high of $59.10. The business’s 50 day moving average is $51.55 and its 200-day moving average is $44.82. The firm has a market cap of $198.76 million, a P/E ratio of 60.13 and a beta of 1.64.

Institutional Investors Weigh In On Spear Alpha ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Fifth Third Securities Inc. bought a new position in Spear Alpha ETF during the 4th quarter valued at about $949,000. Claris Financial LLC acquired a new position in shares of Spear Alpha ETF in the 4th quarter worth approximately $516,000. FSA Advisors Inc. increased its holdings in Spear Alpha ETF by 7.5% during the 1st quarter. FSA Advisors Inc. now owns 11,667 shares of the company’s stock valued at $415,000 after purchasing an additional 815 shares in the last quarter. Worth Asset Management LLC acquired a new position in Spear Alpha ETF in the second quarter worth $232,000. Finally, GoalVest Advisory LLC grew its holdings in shares of Spear Alpha ETF by 63.6% during the second quarter. GoalVest Advisory LLC now owns 248,646 shares of the company’s stock worth $14,416,000 after purchasing an additional 96,693 shares during the last quarter.

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.