Short Interest in Spear Alpha ETF (NASDAQ:SPRX) Declines By 20.0%

Spear Alpha ETF (NASDAQ:SPRX) saw a large decrease in short interest in September. As of September 15th, there was short interest totalling 2,000 shares, a decrease of 20.0% from the August 31st total of 2,500 shares. Based on an average daily volume of 42,000 shares, the days-to-cover ratio is currently 0.0 days.

Spear Alpha ETF Stock Performance

Shares of NASDAQ SPRX opened at $22.72 on Friday. Spear Alpha ETF has a 52 week low of $15.55 and a 52 week high of $25.66. The stock has a market capitalization of $61.34 million, a P/E ratio of 38.40 and a beta of 1.21. The stock’s fifty day moving average is $21.67 and its 200 day moving average is $22.49.

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.