Spear Alpha ETF (NASDAQ:SPRX) Short Interest Down 34.4% in August

Spear Alpha ETF (NASDAQ:SPRXGet Free Report) saw a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 96,230 shares, a decline of 34.4% from the July 30th total of 146,635 shares. Currently, 2.0% of the shares of the company are sold short. Based on an average daily trading volume, of 89,982 shares, the short-interest ratio is presently 1.1 days.

Institutional Trading of Spear Alpha ETF

Several hedge funds have recently added to or reduced their stakes in SPRX. GoalVest Advisory LLC boosted its position in Spear Alpha ETF by 63.6% during the 2nd quarter. GoalVest Advisory LLC now owns 248,646 shares of the company’s stock worth $14,416,000 after acquiring an additional 96,693 shares during the period. Claris Financial LLC acquired a new position in shares of Spear Alpha ETF during the fourth quarter valued at $516,000. FSA Advisors Inc. increased its holdings in shares of Spear Alpha ETF by 7.5% during the first quarter. FSA Advisors Inc. now owns 11,667 shares of the company’s stock valued at $415,000 after purchasing an additional 815 shares during the period. Worth Asset Management LLC bought a new stake in shares of Spear Alpha ETF during the second quarter valued at about $232,000. Finally, EverSource Wealth Advisors LLC bought a new stake in shares of Spear Alpha ETF during the fourth quarter valued at about $69,000.

Spear Alpha ETF Price Performance

Shares of NASDAQ SPRX traded down $1.60 during midday trading on Tuesday, hitting $42.99. 20,014 shares of the company’s stock were exchanged, compared to its average volume of 146,757. The stock’s 50 day moving average price is $47.82 and its 200-day moving average price is $45.67. The firm has a market cap of $206.35 million, a P/E ratio of 60.13 and a beta of 1.67. Spear Alpha ETF has a twelve month low of $32.60 and a twelve month high of $59.10.

Spear Alpha ETF Company Profile

(Get Free Report)

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.

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