Spear Alpha ETF (NASDAQ:SPRX – Get Free Report) was the target of a large decline in short interest in 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. Approximately 2.0% of the shares of the company are short sold. Based on an average daily trading volume, of 89,982 shares, the days-to-cover ratio is currently 1.1 days.
Institutional Investors Weigh In On Spear Alpha ETF
Hedge funds and other institutional investors have recently made changes to their positions in the company. GoalVest Advisory LLC lifted its stake in shares of Spear Alpha ETF by 63.6% in the 2nd quarter. GoalVest Advisory LLC now owns 248,646 shares of the company’s stock valued at $14,416,000 after purchasing an additional 96,693 shares during the period. Claris Financial LLC acquired a new stake in Spear Alpha ETF during the fourth quarter valued at $516,000. FSA Advisors Inc. grew its position in 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 buying an additional 815 shares during the period. Worth Asset Management LLC purchased a new position in Spear Alpha ETF in the second quarter valued at $232,000. Finally, EverSource Wealth Advisors LLC purchased a new position in Spear Alpha ETF in the fourth quarter valued at $69,000.
Spear Alpha ETF Stock Performance
Spear Alpha ETF stock traded down $0.93 during midday trading on Wednesday, hitting $41.92. 13,894 shares of the company were exchanged, compared to its average volume of 146,152. The firm has a market capitalization of $201.22 million, a PE ratio of 60.13 and a beta of 1.67. Spear Alpha ETF has a fifty-two week low of $32.75 and a fifty-two week high of $59.10. The business has a fifty day simple moving average of $47.58 and a two-hundred day simple moving average of $45.68.
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.
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