Spear Alpha ETF (NASDAQ:SPRX) Short Interest Update

Spear Alpha ETF (NASDAQ:SPRX) saw a significant decrease in short interest in July. As of July 15th, there was short interest totaling 67,458 shares, a decrease of 39.1% from the June 30th total of 110,710 shares. Based on an average trading volume of 90,761 shares, the short-interest ratio is presently 0.7 days. Currently, 1.4% of the company’s stock are sold short.

Spear Alpha ETF Stock Up 11.1%

Shares of NASDAQ:SPRX traded up $4.19 during midday trading on Thursday, reaching $41.88. 39,260 shares of the company were exchanged, compared to its average volume of 155,482. Spear Alpha ETF has a fifty-two week low of $31.31 and a fifty-two week high of $59.10. The stock has a fifty day simple moving average of $51.74 and a two-hundred day simple moving average of $44.81. The firm has a market cap of $197.67 million, a PE ratio of 60.13 and a beta of 1.64.

Hedge Funds Weigh In On Spear Alpha ETF

Large investors have recently added to or reduced their stakes in the company. Fifth Third Securities Inc. acquired a new stake in shares of Spear Alpha ETF in the 4th quarter valued at about $949,000. FSA Advisors Inc. boosted its position in shares of Spear Alpha ETF by 21.6% during the fourth quarter. FSA Advisors Inc. now owns 10,852 shares of the company’s stock worth $418,000 after buying an additional 1,931 shares during the period. EverSource Wealth Advisors LLC acquired a new position in shares of Spear Alpha ETF during the fourth quarter worth about $69,000. Claris Financial LLC bought a new position in shares of Spear Alpha ETF during the fourth quarter worth about $516,000. Finally, Worth Asset Management LLC bought a new position in shares of Spear Alpha ETF during the second quarter worth about $232,000.

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.