Spear Alpha ETF (NASDAQ:SPRX) Short Interest Down 34.4% in August

Spear Alpha ETF (NASDAQ:SPRX) saw a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 96,230 shares, a decrease of 34.4% from the July 30th total of 146,635 shares. Approximately 2.0% of the shares of the company are short sold. Based on an average daily volume of 89,982 shares, the days-to-cover ratio is presently 1.1 days.

Spear Alpha ETF Price Performance

Shares of NASDAQ SPRX traded down $1.60 during mid-day trading on Tuesday, hitting $42.99. The company had a trading volume of 20,014 shares, compared to its average volume of 146,757. Spear Alpha ETF has a 12 month low of $32.60 and a 12 month high of $59.10. The stock has a market cap of $206.35 million, a price-to-earnings ratio of 60.13 and a beta of 1.67. The firm’s 50 day simple moving average is $47.82 and its two-hundred day simple moving average is $45.67.

Institutional Investors Weigh In On Spear Alpha ETF

A number of hedge funds have recently added to or reduced their stakes in SPRX. FSA Advisors Inc. boosted its holdings in shares of Spear Alpha ETF by 21.6% during the fourth quarter. FSA Advisors Inc. now owns 10,852 shares of the company’s stock valued at $418,000 after acquiring an additional 1,931 shares during the period. EverSource Wealth Advisors LLC acquired a new stake in shares of Spear Alpha ETF in the 4th quarter worth about $69,000. Claris Financial LLC bought a new stake in Spear Alpha ETF in the 4th quarter valued at about $516,000. Worth Asset Management LLC bought a new stake in Spear Alpha ETF in the 2nd quarter valued at about $232,000. Finally, GoalVest Advisory LLC lifted its position in Spear Alpha ETF by 63.6% in the 2nd quarter. GoalVest Advisory LLC now owns 248,646 shares of the company’s stock valued at $14,416,000 after purchasing an additional 96,693 shares during the last 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.