Spear Alpha ETF (NASDAQ:SPRX) Short Interest Update
by Renee Jackson · The Cerbat GemSpear Alpha ETF (NASDAQ:SPRX – Get Free Report) was the target of a significant decline in short interest in April. As of April 30th, there was short interest totaling 134,980 shares, a decline of 53.7% from the April 15th total of 291,265 shares. Based on an average daily trading volume, of 103,855 shares, the days-to-cover ratio is currently 1.3 days. Currently, 3.2% of the company’s shares are sold short.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. FSA Advisors Inc. grew its holdings in shares of Spear Alpha ETF by 7.5% in the first quarter. FSA Advisors Inc. now owns 11,667 shares of the company’s stock valued at $415,000 after purchasing an additional 815 shares in the last quarter. Noble Wealth Management PBC acquired a new position in shares of Spear Alpha ETF in the fourth quarter valued at approximately $38,000. EverSource Wealth Advisors LLC acquired a new position in shares of Spear Alpha ETF in the fourth quarter valued at approximately $69,000. Claris Financial LLC acquired a new position in Spear Alpha ETF during the 4th quarter worth $516,000. Finally, Fifth Third Securities Inc. acquired a new position in Spear Alpha ETF during the 4th quarter worth $949,000.
Spear Alpha ETF Price Performance
Shares of SPRX stock traded down $2.26 during trading on Friday, reaching $48.15. The company’s stock had a trading volume of 87,332 shares, compared to its average volume of 159,126. The company has a market capitalization of $202.23 million, a price-to-earnings ratio of 60.13 and a beta of 1.59. The stock’s 50-day moving average price is $41.13 and its 200 day moving average price is $40.33. Spear Alpha ETF has a 1-year low of $25.29 and a 1-year high of $50.53.
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.