Spear Alpha ETF (NASDAQ:SPRX) Short Interest Update

Spear Alpha ETF (NASDAQ:SPRX) was the target of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 76,200 shares, a growth of 20.0% from the February 13th total of 63,500 shares. Based on an average daily volume of 38,500 shares, the days-to-cover ratio is currently 2.0 days. Approximately 4.0% of the company’s stock are short sold.

Spear Alpha ETF Price Performance

Shares of SPRX stock opened at $21.19 on Wednesday. The stock’s fifty day moving average price is $25.96 and its 200 day moving average price is $25.20. Spear Alpha ETF has a 1-year low of $18.05 and a 1-year high of $30.42. The company has a market cap of $40.68 million, a price-to-earnings ratio of 33.05 and a beta of 1.21.

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.