Spear Alpha ETF (NASDAQ:SPRX) Shares Cross Above 50-Day Moving Average – Time to Sell?

Spear Alpha ETF (NASDAQ:SPRX) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $23.78 and traded as high as $26.87. Spear Alpha ETF shares last traded at $26.32, with a volume of 13,644 shares.

Spear Alpha ETF Stock Down 0.4 %

The firm’s fifty day simple moving average is $23.88 and its 200-day simple moving average is $22.91. The company has a market cap of $56.59 million, a PE ratio of 38.40 and a beta of 1.21.

Institutional Trading of Spear Alpha ETF

A hedge fund recently bought a new stake in Spear Alpha ETF stock. NBC Securities Inc. purchased a new position in shares of Spear Alpha ETF (NASDAQ:SPRX) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,000 shares of the company’s stock, valued at approximately $45,000. NBC Securities Inc. owned about 0.09% of Spear Alpha ETF at the end of the most recent reporting period.

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.