Spear Alpha ETF (NASDAQ:SPRX) Short Interest Up 41.6% in January

Spear Alpha ETF (NASDAQ:SPRX) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 316,791 shares, an increase of 41.6% from the December 31st total of 223,755 shares. Approximately 8.5% of the shares of the stock are sold short. Based on an average trading volume of 149,533 shares, the short-interest ratio is presently 2.1 days. Based on an average trading volume of 149,533 shares, the short-interest ratio is presently 2.1 days. Approximately 8.5% of the shares of the stock are sold short.

Hedge Funds Weigh In On Spear Alpha ETF

Several institutional investors have recently added to or reduced their stakes in SPRX. Noble Wealth Management PBC bought a new stake in Spear Alpha ETF in the 4th quarter worth approximately $38,000. FSA Advisors Inc. bought a new position in shares of Spear Alpha ETF during the 2nd quarter valued at approximately $235,000. Finally, Fifth Third Securities Inc. purchased a new position in shares of Spear Alpha ETF in the fourth quarter valued at $949,000.

Spear Alpha ETF Stock Down 5.4%

SPRX opened at $40.49 on Friday. The company has a market capitalization of $149.81 million, a PE ratio of 60.13 and a beta of 1.52. The firm has a 50-day simple moving average of $40.05 and a two-hundred day simple moving average of $38.09. Spear Alpha ETF has a 52 week low of $16.31 and a 52 week high of $44.48.

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.