Short Interest in Spear Alpha ETF (NASDAQ:SPRX) Increases By 117.4%

Spear Alpha ETF (NASDAQ:SPRXGet Free Report) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 146,635 shares, a growth of 117.4% from the July 15th total of 67,458 shares. Based on an average daily volume of 150,818 shares, the short-interest ratio is presently 1.0 days. Currently, 3.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SPRX. GoalVest Advisory LLC grew its position in shares of Spear Alpha ETF by 63.6% in the 2nd quarter. GoalVest Advisory LLC now owns 248,646 shares of the company’s stock worth $14,416,000 after acquiring an additional 96,693 shares in the last quarter. Claris Financial LLC acquired a new stake in shares of Spear Alpha ETF during the 4th quarter valued at approximately $516,000. FSA Advisors Inc. raised its position in shares of Spear Alpha ETF by 7.5% during the 1st quarter. FSA Advisors Inc. now owns 11,667 shares of the company’s stock valued at $415,000 after acquiring an additional 815 shares in the last quarter. Worth Asset Management LLC bought a new position in Spear Alpha ETF during the second quarter worth $232,000. Finally, EverSource Wealth Advisors LLC bought a new position in Spear Alpha ETF during the fourth quarter worth $69,000.

Spear Alpha ETF Price Performance

NASDAQ:SPRX traded up $0.32 during mid-day trading on Friday, reaching $49.88. The stock had a trading volume of 58,312 shares, compared to its average volume of 153,763. The company has a market capitalization of $239.42 million, a price-to-earnings ratio of 60.13 and a beta of 1.67. Spear Alpha ETF has a 1-year low of $31.55 and a 1-year high of $59.10. The stock’s 50 day simple moving average is $49.90 and its two-hundred day simple moving average is $45.24.

Spear Alpha ETF Company Profile

(Get Free Report)

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.

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