Spear Alpha ETF (NASDAQ:SPRX) Short Interest Update

Spear Alpha ETF (NASDAQ:SPRX) was the target of a large drop in short interest in January. As of January 30th, there was short interest totaling 222,129 shares, a drop of 29.9% from the January 15th total of 316,791 shares. Approximately 5.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 185,026 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily trading volume, of 185,026 shares, the days-to-cover ratio is presently 1.2 days. Approximately 5.8% of the shares of the stock are sold short.

Hedge Funds Weigh In On Spear Alpha ETF

Several institutional investors have recently bought and sold shares of the business. Fifth Third Securities Inc. purchased a new stake in Spear Alpha ETF during the fourth quarter valued at approximately $949,000. FSA Advisors Inc. increased its position in shares of Spear Alpha ETF by 21.6% during the 4th quarter. FSA Advisors Inc. now owns 10,852 shares of the company’s stock valued at $418,000 after purchasing an additional 1,931 shares during the last quarter. EverSource Wealth Advisors LLC bought a new position in shares of Spear Alpha ETF during the 4th quarter valued at approximately $69,000. Finally, Noble Wealth Management PBC purchased a new stake in Spear Alpha ETF during the 4th quarter valued at $38,000.

Spear Alpha ETF Price Performance

Shares of SPRX opened at $39.14 on Friday. The stock has a market capitalization of $150.69 million, a price-to-earnings ratio of 60.13 and a beta of 1.52. Spear Alpha ETF has a 1 year low of $16.31 and a 1 year high of $44.48. The business’s 50 day simple moving average is $40.21 and its 200-day simple moving average is $38.62.

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.