Spear Alpha ETF (NASDAQ:SPRX) Short Interest Update

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

Spear Alpha ETF Stock Performance

Shares of NASDAQ:SPRX opened at $44.62 on Friday. The business’s fifty day moving average price is $39.48 and its two-hundred day moving average price is $39.89. The stock has a market cap of $181.60 million, a PE ratio of 60.13 and a beta of 1.55. Spear Alpha ETF has a one year low of $20.64 and a one year high of $45.56.

Institutional Investors Weigh In On Spear Alpha ETF

A number of large investors have recently bought and sold shares of the stock. Noble Wealth Management PBC acquired a new stake in shares of Spear Alpha ETF during the fourth quarter worth $38,000. EverSource Wealth Advisors LLC acquired a new stake in shares of Spear Alpha ETF during the fourth quarter worth $69,000. FSA Advisors Inc. boosted its holdings in shares of Spear Alpha ETF by 12.3% during the third quarter. FSA Advisors Inc. now owns 8,921 shares of the company’s stock worth $344,000 after purchasing an additional 978 shares during the last quarter. Claris Financial LLC acquired a new stake in shares of Spear Alpha ETF during the fourth quarter worth $516,000. Finally, Fifth Third Securities Inc. acquired a new stake in shares of Spear Alpha ETF during the fourth quarter worth $949,000.

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.