Spear Alpha ETF (NASDAQ:SPRX) Short Interest Up 291.3% in April

Spear Alpha ETF (NASDAQ:SPRX) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totaling 291,265 shares, a growth of 291.3% from the March 31st total of 74,436 shares. Currently, 7.2% of the company’s shares are short sold. Based on an average daily volume of 94,814 shares, the days-to-cover ratio is currently 3.1 days.

Hedge Funds Weigh In On Spear Alpha ETF

Institutional investors have recently bought and sold shares of the stock. Fifth Third Securities Inc. acquired a new stake in Spear Alpha ETF during the 4th quarter worth about $949,000. Claris Financial LLC acquired a new stake in Spear Alpha ETF during the 4th quarter worth about $516,000. EverSource Wealth Advisors LLC acquired a new stake in Spear Alpha ETF during the 4th quarter worth about $69,000. FSA Advisors Inc. boosted its position in Spear Alpha ETF by 21.6% during the 4th quarter. FSA Advisors Inc. now owns 10,852 shares of the company’s stock worth $418,000 after acquiring an additional 1,931 shares during the period. Finally, Noble Wealth Management PBC acquired a new stake in Spear Alpha ETF during the 4th quarter worth about $38,000.

Spear Alpha ETF Stock Performance

Shares of SPRX opened at $44.62 on Monday. The business’s 50-day moving average price is $39.48 and its 200 day moving average price is $39.87. The stock has a market capitalization of $181.60 million, a P/E ratio of 60.13 and a beta of 1.55. Spear Alpha ETF has a 1-year low of $20.64 and a 1-year high of $45.56.

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.