Spear Alpha ETF (NASDAQ:SPRX) Sees Significant Drop in Short Interest

Spear Alpha ETF (NASDAQ:SPRX) was the target of a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 63,500 shares, a decline of 19.5% from the January 31st total of 78,900 shares. Based on an average daily volume of 32,400 shares, the short-interest ratio is presently 2.0 days.

Spear Alpha ETF Price Performance

Shares of NASDAQ SPRX opened at $22.67 on Thursday. The stock has a fifty day moving average price of $27.31 and a 200 day moving average price of $25.29. Spear Alpha ETF has a 1-year low of $18.05 and a 1-year high of $30.42. The company has a market cap of $43.53 million, a PE ratio of 42.80 and a beta of 1.21.

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.