Spear Alpha ETF (NASDAQ:SPRX) Sees Large Decrease in Short Interest

Spear Alpha ETF (NASDAQ:SPRX) saw a large decline in short interest in November. As of November 30th, there was short interest totalling 3,600 shares, a decline of 29.4% from the November 15th total of 5,100 shares. Based on an average trading volume of 23,100 shares, the days-to-cover ratio is presently 0.2 days.

Spear Alpha ETF Trading Up 1.1 %

NASDAQ:SPRX traded up $0.29 during trading hours on Friday, reaching $27.38. 22,161 shares of the company were exchanged, compared to its average volume of 64,849. The firm has a market cap of $58.87 million, a PE ratio of 38.40 and a beta of 1.21. Spear Alpha ETF has a twelve month low of $18.05 and a twelve month high of $28.24. The stock’s 50-day moving average is $25.12 and its 200-day moving average is $23.30.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Spear Alpha ETF stock. NBC Securities Inc. acquired a new position in shares of Spear Alpha ETF (NASDAQ:SPRX) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 2,000 shares of the company’s stock, valued at approximately $45,000. NBC Securities Inc. owned approximately 0.09% of Spear Alpha ETF 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.