Spear Alpha ETF (NASDAQ:SPRX) Trading Down 0.4% – Time to Sell?

Spear Alpha ETF (NASDAQ:SPRX)’s stock price dropped 0.4% during trading on Friday . The stock traded as low as $33.23 and last traded at $34.85. Approximately 256,467 shares traded hands during mid-day trading, an increase of 232% from the average daily volume of 77,225 shares. The stock had previously closed at $34.98.

Spear Alpha ETF Trading Down 0.4%

The firm’s 50-day moving average price is $39.95 and its two-hundred day moving average price is $33.61. The stock has a market cap of $125.46 million, a PE ratio of 60.13 and a beta of 1.52.

Institutional Trading of Spear Alpha ETF

An institutional investor recently raised its position in Spear Alpha ETF stock. FSA Advisors Inc. grew its stake in Spear Alpha ETF (NASDAQ:SPRX) by 12.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,921 shares of the company’s stock after acquiring an additional 978 shares during the quarter. FSA Advisors Inc. owned about 0.25% of Spear Alpha ETF worth $344,000 at the end of the most recent quarter.

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.