Spear Alpha ETF (NASDAQ:SPRX) Short Interest Down 29.4% in November

Spear Alpha ETF (NASDAQ:SPRX) was the target of a significant drop in short interest in November. As of November 30th, there was short interest totalling 3,600 shares, a drop of 29.4% from the November 15th total of 5,100 shares. Based on an average daily trading volume, of 23,100 shares, the days-to-cover ratio is currently 0.2 days.

Spear Alpha ETF Trading Up 1.1 %

SPRX stock traded up $0.29 on Friday, hitting $27.38. 22,161 shares of the company’s stock traded hands, compared to its average volume of 64,849. The stock has a market cap of $58.87 million, a price-to-earnings ratio of 38.40 and a beta of 1.21. Spear Alpha ETF has a 1-year low of $18.05 and a 1-year high of $28.24. The stock has a fifty day moving average of $25.12 and a 200-day moving average of $23.30.

Hedge Funds Weigh In On Spear Alpha ETF

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

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.