Spear Alpha ETF (NASDAQ:SPRX) Short Interest Down 53.7% in April

Spear Alpha ETF (NASDAQ:SPRX) was the recipient of a large decline in short interest in April. As of April 30th, there was short interest totaling 134,980 shares, a decline of 53.7% from the April 15th total of 291,265 shares. Based on an average daily trading volume, of 103,855 shares, the short-interest ratio is currently 1.3 days. Approximately 3.2% of the shares of the company are sold short.

Spear Alpha ETF Price Performance

Shares of SPRX stock traded down $2.26 during trading hours on Friday, reaching $48.15. 87,332 shares of the company traded hands, compared to its average volume of 159,126. Spear Alpha ETF has a 12-month low of $25.29 and a 12-month high of $50.53. The company has a market cap of $202.23 million, a P/E ratio of 60.13 and a beta of 1.59. The firm has a 50-day moving average price of $40.95 and a 200 day moving average price of $40.27.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Fifth Third Securities Inc. purchased a new position in shares of Spear Alpha ETF during the 4th quarter valued at about $949,000. Claris Financial LLC purchased a new position in shares of Spear Alpha ETF during the 4th quarter valued at about $516,000. FSA Advisors Inc. lifted its position in shares of Spear Alpha ETF by 7.5% during the 1st quarter. FSA Advisors Inc. now owns 11,667 shares of the company’s stock valued at $415,000 after buying an additional 815 shares in the last quarter. EverSource Wealth Advisors LLC purchased a new position in shares of Spear Alpha ETF during the 4th quarter valued at about $69,000. Finally, Noble Wealth Management PBC purchased a new position in shares of Spear Alpha ETF during the 4th quarter valued at about $38,000.

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.