Spear Alpha ETF (NASDAQ:SPRX) Short Interest Down 86.3% in October

Spear Alpha ETF (NASDAQ:SPRX) was the target of a significant drop in short interest in October. As of October 31st, there was short interest totalling 2,200 shares, a drop of 86.3% from the October 15th total of 16,000 shares. Based on an average trading volume of 25,300 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Spear Alpha ETF stock. NBC Securities Inc. bought a new position in Spear Alpha ETF (NASDAQ:SPRX) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,000 shares of the company’s stock, valued at approximately $45,000. NBC Securities Inc. owned approximately 0.09% of Spear Alpha ETF at the end of the most recent reporting period.

Spear Alpha ETF Stock Up 0.8 %

Shares of Spear Alpha ETF stock traded up $0.19 during trading on Tuesday, hitting $25.19. The stock had a trading volume of 596 shares, compared to its average volume of 69,507. The stock has a 50 day simple moving average of $23.06 and a 200 day simple moving average of $22.71. The company has a market capitalization of $54.16 million, a PE ratio of 38.40 and a beta of 1.21. Spear Alpha ETF has a 1 year low of $17.35 and a 1 year high of $25.66.

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.