Spear Alpha ETF (NASDAQ:SPRX) Short Interest Up 36.5% in December

Spear Alpha ETF (NASDAQ:SPRX) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 96,350 shares, a growth of 36.5% from the November 30th total of 70,586 shares. Approximately 2.7% of the shares of the stock are sold short. Based on an average trading volume of 110,882 shares, the short-interest ratio is presently 0.9 days. Based on an average trading volume of 110,882 shares, the short-interest ratio is presently 0.9 days. Approximately 2.7% of the shares of the stock are sold short.

Spear Alpha ETF Stock Up 0.1%

Shares of SPRX stock traded up $0.04 during mid-day trading on Tuesday, reaching $39.07. 54,845 shares of the stock traded hands, compared to its average volume of 80,633. The company has a market cap of $140.66 million, a price-to-earnings ratio of 60.13 and a beta of 1.52. The stock’s fifty day simple moving average is $39.52 and its two-hundred day simple moving average is $36.10. Spear Alpha ETF has a 1-year low of $16.31 and a 1-year high of $44.48.

Hedge Funds Weigh In On Spear Alpha ETF

A hedge fund recently bought a new stake in Spear Alpha ETF stock. FSA Advisors Inc. purchased a new position in shares of Spear Alpha ETF (NASDAQ:SPRX) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,943 shares of the company’s stock, valued at approximately $235,000. FSA Advisors Inc. owned 0.39% of Spear Alpha ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

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.