Spear Alpha ETF (NASDAQ:SPRX) Short Interest Update

Spear Alpha ETF (NASDAQ:SPRX) was the target of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 57,100 shares, a drop of 25.1% from the February 28th total of 76,200 shares. Approximately 3.0% of the company’s stock are sold short. Based on an average daily trading volume, of 41,400 shares, the short-interest ratio is presently 1.4 days.

Spear Alpha ETF Stock Performance

NASDAQ:SPRX traded up $0.14 during trading hours on Tuesday, hitting $19.97. 4,881 shares of the company’s stock traded hands, compared to its average volume of 39,905. The stock’s fifty day moving average price is $24.84 and its two-hundred day moving average price is $25.22. The firm has a market cap of $39.94 million, a P/E ratio of 33.15 and a beta of 1.21. Spear Alpha ETF has a twelve month low of $18.05 and a twelve month high of $30.42.

About Spear Alpha ETF

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.