Spear Alpha ETF (NASDAQ:SPRX) Short Interest Up 602.0% in December

Spear Alpha ETF (NASDAQ:SPRX) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 35,800 shares, an increase of 602.0% from the December 15th total of 5,100 shares. Based on an average trading volume of 23,500 shares, the days-to-cover ratio is presently 1.5 days.

Spear Alpha ETF Trading Up 1.4 %

Shares of NASDAQ:SPRX traded up $0.36 on Tuesday, hitting $26.64. The company had a trading volume of 17,135 shares, compared to its average volume of 39,580. The business has a 50 day moving average of $26.73 and a 200 day moving average of $24.05. Spear Alpha ETF has a 52-week low of $18.05 and a 52-week high of $30.20. The company has a market cap of $51.15 million, a PE ratio of 38.40 and a beta of 1.21.

Hedge Funds Weigh In On Spear Alpha ETF

An institutional investor recently bought a new position in Spear Alpha ETF stock. NBC Securities Inc. bought a new stake in Spear Alpha ETF (NASDAQ:SPRX) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,000 shares of the company’s stock, valued at approximately $45,000. NBC Securities Inc. owned about 0.09% of Spear Alpha ETF at the end of the most recent 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.