Spear Alpha ETF (SPRX)Technology | Exchange Traded Fund | NasdaqGM
48.95 USD
+0.76
(1.567%)
⇧
(July 14, 2026, 10:35 a.m.
EDT)
|
Hot Take ↕ | July 11, 2026, 6:19 a.m. EDT
The Spear Alpha ETF presents a classic 'momentum vs. noise' dilemma. Fundamentally, the business story is compelling: the asset has delivered a massive +104% return over the last three years with three consecutive years of double-digit growth, avoiding any structural decline. This robust multi-year trajectory justifies a solid long-term buy rating, as the market has consistently rewarded the industrial tech innovation thesis. However, the short-term outlook is murky. The statistical forecasting model leans slightly negative (-5%), though with very low confidence, suggesting the recent price action might be overextended or entering a consolidation phase. This is compounded by the options data, where near-term traders are hedging downside risks with significant put open interest, while the broader speculative appetite remains thin. The stock is trading near its 52-week highs, which often precedes a pullback in volatile sectors. While the long-term fundamentals remain excellent, the immediate path forward lacks a clear directional edge, making it a hold rather than a high-conviction entry right now. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.087332 |
| AutoARIMA | 0.134454 |
| AutoETS | 0.136223 |
| MSTL | 0.139995 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 42% |
| H-stat | 0.96 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.369 |
| Excess Kurtosis | -0.97 |
| Attribute | Value |
|---|---|
| Trailing P/E | 48.68 |
As of July 11, 2026, 6:19 a.m. EDT: Speculator positioning is mixed and sparse. Near-term expirations show heavy out-of-the-money put open interest relative to calls, suggesting a hedge against a drop below $45-$50. However, further out (September/December), call open interest dominates significantly, particularly at strikes above current price ($55-$65), indicating a speculative bet on continued upside momentum despite the low volume.
| Date | Dividend | Yield % |
|---|---|---|
| 2021-12-22 | 0.053 | 0.24836 |
| Attribute | Value |
|---|---|
| All Time High | 59.1 |
| All Time Low | 11.45 |
| Ask | 52.61 |
| Ask Size | 2 |
| Average Daily Volume10 Day | 97,860 |
| Average Daily Volume3 Month | 145,363 |
| Average Volume | 145,363 |
| Average Volume10Days | 97,860 |
| Beta3 Year | 2.22 |
| Bid | 45.32 |
| Bid Size | 2 |
| Category | Technology |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 50.14 |
| Day Low | 48.43 |
| Dividend Yield | 0.0 |
| Eps Trailing Twelve Months | 1.0053732 |
| Esg Populated | 0 |
| Exchange | NGM |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 51.79712 |
| Fifty Day Average Change | -2.8521194 |
| Fifty Day Average Change Percent | -0.055063285 |
| Fifty Two Week Change Percent | 60.864483 |
| Fifty Two Week High | 59.1 |
| Fifty Two Week High Change | -10.154999 |
| Fifty Two Week High Change Percent | -0.17182739 |
| Fifty Two Week Low | 29.505 |
| Fifty Two Week Low Change | 19.44 |
| Fifty Two Week Low Change Percent | 0.6588714 |
| Fifty Two Week Range | 29.505 - 59.1 |
| First Trade Date Milliseconds | 1,628,083,800,000 |
| Full Exchange Name | NasdaqGM |
| Fund Family | Spear |
| Fund Inception Date | 1,627,948,800 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Ipo Expected Date | 2,021-08-04 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund is an actively-managed exchange-traded fund (“ETF”) that will invest primarily in equity securities, including common stock or American depositary receipts (“ADRs”) of companies that Spear Advisors LLC (the “Adviser”) believes are poised to benefit from breakthrough innovation in industrial technology. The Adviser defines “innovation in industrial technology” as those technological developments that are transforming or have the potential to transform the industrial sector. It is non-diversified. |
| Long Name | Spear Alpha ETF |
| Market | us_market |
| Market State | REGULAR |
| Max Age | 86,400 |
| Message Board Id | finmb_717735494 |
| Nav Price | 51.0362 |
| Net Assets | 291,538,048.0 |
| Net Expense Ratio | 0.75 |
| Open | 50.14 |
| Previous Close | 48.19 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.75500107 |
| Regular Market Change Percent | 1.5667174 |
| Regular Market Day High | 50.14 |
| Regular Market Day Low | 48.43 |
| Regular Market Day Range | 48.43 - 50.14 |
| Regular Market Open | 50.14 |
| Regular Market Previous Close | 48.19 |
| Regular Market Price | 48.945 |
| Regular Market Time | 1,784,039,725 |
| Regular Market Volume | 26,786 |
| Short Name | Spear Alpha ETF |
| Source Interval | 15 |
| Symbol | SPRX |
| Three Year Average Return | 0.3564577 |
| Total Assets | 291,538,048 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing P E | 48.68341 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 62.96639 |
| Trailing Three Month Returns | 62.96639 |
| Triggerable | 1 |
| Two Hundred Day Average | 42.903164 |
| Two Hundred Day Average Change | 6.041836 |
| Two Hundred Day Average Change Percent | 0.14082494 |
| Type Disp | ETF |
| Volume | 26,786 |
| Yield | 0.0 |
| Ytd Return | 50.7132 |