Spear Alpha ETF (NASDAQ:SPRX – Get Free Report) was the recipient of a large 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. Currently, 1.4% of the company’s shares are sold short. Based on an average daily trading volume, of 90,761 shares, the short-interest ratio is presently 0.7 days.
Spear Alpha ETF Stock Up 1.1%
NASDAQ:SPRX opened at $42.58 on Friday. The company has a fifty day moving average of $51.34 and a 200-day moving average of $44.81. The firm has a market capitalization of $200.98 million, a P/E ratio of 60.13 and a beta of 1.64. Spear Alpha ETF has a twelve month low of $31.31 and a twelve month high of $59.10.
Institutional Investors Weigh In On Spear Alpha ETF
A number of large investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC bought a new stake in Spear Alpha ETF in the fourth quarter valued at $69,000. Worth Asset Management LLC bought a new position in shares of Spear Alpha ETF during the 2nd quarter worth about $232,000. FSA Advisors Inc. boosted 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 worth $415,000 after purchasing an additional 815 shares in the last quarter. Claris Financial LLC acquired a new stake in shares of Spear Alpha ETF in the 4th quarter valued at about $516,000. Finally, Fifth Third Securities Inc. acquired a new stake in shares of Spear Alpha ETF in the 4th quarter valued at about $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.
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