Spear Alpha ETF (NASDAQ:SPRX) Short Interest Up 515.4% in October

Spear Alpha ETF (NASDAQ:SPRX) saw a large growth in short interest in October. As of October 15th, there was short interest totalling 16,000 shares, a growth of 515.4% from the September 30th total of 2,600 shares. Based on an average daily trading volume, of 31,800 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On Spear Alpha ETF

An institutional investor recently bought a new position in Spear Alpha ETF stock. NBC Securities Inc. acquired a new stake in Spear Alpha ETF (NASDAQ:SPRX) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 reporting period.

Spear Alpha ETF Price Performance

SPRX stock traded up $0.13 during trading on Friday, reaching $24.25. 8,928 shares of the company were exchanged, compared to its average volume of 72,297. The company has a market capitalization of $52.62 million, a price-to-earnings ratio of 38.40 and a beta of 1.21. The company has a 50-day moving average of $22.68 and a two-hundred day moving average of $22.53. Spear Alpha ETF has a twelve month low of $15.55 and a twelve month 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.