SPRXETF / FundSpear Alpha ETF
Verdicts genuinely change. Free email alert the moment SPRX's does — no target price to set, unlike "Alert" above.
Whether this fund clears the published standards, and the filings behind that answer. The screen runs first and nothing on the trading side can override it.
Structure, momentum, positioning and levels. Separate from the Sharia verdict above, which this side never overrides.
Spear Alpha ETF · Listed Funds Trust
29 holdings
NON-COMPLIANT 19.20% of portfolio weight is in non-compliant holdings, over the 5% threshold.
29 holdings, 25 matched (92% of weight). Portfolio as of 2026-06-30, filed 2026-08-26. Source: SEC Form N-PORT.
2.23% of this portfolio’s income is non-permissible — weighted across holdings, computed over 82% of portfolio weight (23 of 29 holdings). The common approach purifies that proportion of income received — dividends — not of the position’s value. We report the ratio; what to do with it is a question for your own scholar.
73.2% compliant 0.0% questionable 19.2% non-compliant 7.6% unscreened
All holdings (29)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| ALAB Astera Labs Inc | COMPLIANT | 11.10% | AAOIFI0.1% Usmani2.3% Dow Jones Islamic0.2% S&P Shariah0.2% MSCI Islamic2.3% MSCI Islamic M-Series0.2% FTSE Shariah0.0% |
| KLAC KLA Corp | COMPLIANT | 8.80% | AAOIFI2.5% Usmani34.3% Dow Jones Islamic4.0% S&P Shariah4.7% MSCI Islamic34.3% MSCI Islamic M-Series4.7% FTSE Shariah32.8% |
| COHR Coherent Corp | COMPLIANT | 8.42% | AAOIFI6.0% Usmani19.3% Dow Jones Islamic12.1% S&P Shariah15.9% MSCI Islamic19.3% MSCI Islamic M-Series15.9% FTSE Shariah17.6% |
| ARM ARM Holdings PLC | COMPLIANT | 7.28% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| MKSI MKS Inc | COMPLIANT | 6.79% | AAOIFI22.4% Usmani44.1% Dow Jones Islamic35.1% S&P Shariah39.9% MSCI Islamic44.1% MSCI Islamic M-Series39.9% FTSE Shariah44.1% |
| NET Cloudflare Inc | NON_COMPLIANT | 6.72% | AAOIFI0.3% Usmani4.0% Dow Jones Islamic0.4% S&P Shariah0.5% MSCI Islamic4.0% MSCI Islamic M-Series0.5% FTSE Shariah0.0% |
| LRCX Lam Research Corp | COMPLIANT | 5.03% | AAOIFI1.0% Usmani17.5% Dow Jones Islamic2.1% S&P Shariah2.4% MSCI Islamic17.5% MSCI Islamic M-Series2.4% FTSE Shariah15.8% |
| WULF Terawulf Inc | NON_COMPLIANT | 4.73% | AAOIFI35.4% Usmani38.9% Dow Jones Islamic65.9% S&P Shariah91.8% MSCI Islamic38.9% MSCI Islamic M-Series91.8% FTSE Shariah38.6% |
| MACOM Technology Solutions Hol | UNSCREENED | 4.71% | no in-house ratios for this holding |
| MRVL Marvell Technology Inc | COMPLIANT | 4.26% | AAOIFI2.7% Usmani19.2% Dow Jones Islamic5.6% S&P Shariah6.5% MSCI Islamic19.2% MSCI Islamic M-Series6.5% FTSE Shariah18.0% |
| APLD Applied Digital Corp | NON_COMPLIANT | 3.85% | AAOIFI1.0% Usmani0.9% Dow Jones Islamic1.1% S&P Shariah1.5% MSCI Islamic0.5% MSCI Islamic M-Series1.5% FTSE Shariah0.0% |
| NOKIA.HE Nokia Oyj | COMPLIANT | 3.57% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| LITE Lumentum Holdings Inc | COMPLIANT | 3.26% | AAOIFI1.9% Usmani22.9% Dow Jones Islamic6.7% S&P Shariah9.4% MSCI Islamic22.9% MSCI Islamic M-Series9.4% FTSE Shariah22.4% |
| NVDA NVIDIA Corp | COMPLIANT | 3.17% | AAOIFI1.1% Usmani12.1% Dow Jones Islamic0.9% S&P Shariah1.1% MSCI Islamic12.1% MSCI Islamic M-Series1.1% FTSE Shariah10.4% |
| CRDO Credo Technology Group Holding | COMPLIANT | 3.07% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| RKLB Rocket Lab Corp | COMPLIANT | 2.79% | AAOIFI0.3% Usmani2.9% Dow Jones Islamic0.4% S&P Shariah0.6% MSCI Islamic2.5% MSCI Islamic M-Series0.6% FTSE Shariah0.0% |
| AST SpaceMobile Inc | UNSCREENED | 2.74% | no in-house ratios for this holding |
| TER Teradyne Inc | COMPLIANT | 2.43% | AAOIFI0.2% Usmani2.0% Dow Jones Islamic0.3% S&P Shariah0.4% MSCI Islamic2.0% MSCI Islamic M-Series0.4% FTSE Shariah0.0% |
| LUNR Intuitive Machines Inc | NON_COMPLIANT | 2.12% | AAOIFI12.7% Usmani22.8% Dow Jones Islamic34.8% S&P Shariah45.6% MSCI Islamic22.8% MSCI Islamic M-Series45.6% FTSE Shariah17.8% |
| IREN IREN Ltd | NON_COMPLIANT | 1.76% | AAOIFI48.9% Usmani49.6% Dow Jones Islamic83.7% S&P Shariah114.2% MSCI Islamic48.1% MSCI Islamic M-Series114.2% FTSE Shariah48.1% |
| ANET Arista Networks Inc | COMPLIANT | 1.58% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| CIEN Ciena Corp | COMPLIANT | 0.82% | AAOIFI6.7% Usmani41.1% Dow Jones Islamic10.4% S&P Shariah14.0% MSCI Islamic41.0% MSCI Islamic M-Series14.0% FTSE Shariah40.4% |
| AMD Advanced Micro Devices Inc | COMPLIANT | 0.57% | AAOIFI0.5% Usmani5.1% Dow Jones Islamic1.2% S&P Shariah1.3% MSCI Islamic5.1% MSCI Islamic M-Series1.3% FTSE Shariah3.8% |
| CRWD Crowdstrike Holdings Inc | COMPLIANT | 0.28% | AAOIFI0.4% Usmani6.8% Dow Jones Islamic0.7% S&P Shariah0.8% MSCI Islamic6.8% MSCI Islamic M-Series0.8% FTSE Shariah6.2% |
| First American Government Obli | UNSCREENED | 0.10% | no in-house ratios for this holding |
| Kratos Defense & Security Solu | UNSCREENED | 0.06% | no in-house ratios for this holding |
| KRMN Karman Holdings Inc | NON_COMPLIANT | 0.02% | AAOIFI0.5% Usmani8.6% Dow Jones Islamic0.3% S&P Shariahpass MSCI Islamic1.5% MSCI Islamic M-Seriespass FTSE Shariah0.4% |
| CEG Constellation Energy Corp | COMPLIANT | 0.00% | AAOIFI18.4% Usmani19.8% Dow Jones Islamic20.8% S&P Shariah24.7% MSCI Islamic19.8% MSCI Islamic M-Series24.7% FTSE Shariah19.8% |
| SNOW Snowflake Inc | COMPLIANT | 0.00% | AAOIFI0.4% Usmani5.5% Dow Jones Islamic0.7% S&P Shariah0.8% MSCI Islamic5.5% MSCI Islamic M-Series0.8% FTSE Shariah0.0% |
The published standards disagree about this fund by 28 points of portfolio weight — 49.4% of it passes AAOIFI, 21.6% passes MSCI Islamic. Which number is yours depends on which standard you follow.
These bars are the financial-ratio result under each standard — debt, receivables and interest income. They do not screen what the business does, so a holding can pass every ratio here and still be questionable or non-compliant on activity. The blended verdict above accounts for both.
ratios pass on 49.4% ratios fail on 30.3% 20.4% not rated under AAOIFI
ratios pass on 26.6% ratios fail on 49.2% 24.2% not rated under Usmani
ratios pass on 42.6% ratios fail on 37.1% 20.4% not rated under Dow Jones Islamic
ratios pass on 42.6% ratios fail on 37.1% 20.4% not rated under S&P Shariah
ratios pass on 21.6% ratios fail on 54.2% 24.2% not rated under MSCI Islamic
ratios pass on 42.6% ratios fail on 37.1% 20.4% not rated under MSCI Islamic M-Series
ratios pass on 35.4% ratios fail on 40.4% 24.2% not rated under FTSE Shariah
25 of 29 listed holdings carry our own per-methodology verdicts (92% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 22 (79% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
Methodology breakdown computing — it will appear here on its own.
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Why this signal?
The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.
Spear Alpha ETF (SPRX) is currently considered not halal (non-compliant), per our own look-through to its filed holdings. See its filed holdings and the weight breakdown below for the reasoning.
🕌 In-house Compliance Research
Computing the full ratio and business-activity breakdown for SPRX — this runs off the critical path so the page paints first. It will appear here on its own.
Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset
Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.
Price Forecast
The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally below. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.
Technical Summary
Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.
Every indicator, and what it reads
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 36.70 | NEUTRAL |
| Stochastic %K (14) | 17.02 | BUY |
| CCI (20) | -76.93 | NEUTRAL |
| Williams %R (14) | -82.98 | BUY |
| MACD (12,26,9) | -0.80 | SELL |
| ROC (10) | -15.56 | SELL |
| Momentum (10) | -7.17 | SELL |
| EMA (10) | 40.26 | SELL |
| SMA (10) | 39.62 | SELL |
| EMA (20) | 42.55 | SELL |
| SMA (20) | 44.54 | SELL |
| EMA (30) | 43.70 | SELL |
| SMA (30) | 45.50 | SELL |
| EMA (50) | 44.85 | SELL |
| SMA (50) | 45.17 | SELL |
| EMA (100) | 45.71 | SELL |
| SMA (100) | 47.47 | SELL |
| EMA (200) | 44.19 | SELL |
| SMA (200) | 45.03 | SELL |
About Spear Alpha ETF
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.
Background via Yahoo Finance — informational, not part of the verdict.
Weak — low conviction, small size or skip
SMC — Top Down
Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.
| Timeframe | Bias | Bars |
|---|---|---|
| 📅 Daily | BEARISH | 41 |
| ⏰ 4H | NEUTRAL | 23 |
| 🕐 1H | BULLISH | 92 |
| ⏱ 15-Min | BEARISH | 130 |
| ⏲ 5-Min | BEARISH | 234 |
Momentum & Volume
Rate of change and relative volume against this symbol's own recent history. Momentum describes what price has done; it is not a claim about what it will do.
Peer Movement
How the rest of the sector moved over the same window. Context for a price move, never a cause of one.
Peer movement computing — it will appear here on its own.
Before you act on this
The questions worth asking about any verdict on this page, answered plainly.
Is a fund screened on its name?
No. HTR reads the fund's filed holdings and screens each one, then reports the result by weight. A fund marketed as Islamic still gets the same look-through as any other.
What does unrated weight mean?
It is the share of the fund whose holdings HTR cannot cover far enough to rate. It is reported as unrated rather than counted as compliant, because a holding nobody screened should not look like one that passed.
Does the issuer's board make it compliant?
It matters, and it is noted, but it does not replace the look-through. The board's judgement and the holdings screen are shown separately so you can see when they agree and when they do not.
How often is this re-screened?
When the fund files new holdings, and on a rolling basis besides. The date on the verdict above is the last time this fund was actually recomputed.
Open research, not a fatwa. HTR applies published screening standards to filings and publishes what they say, including when they disagree. Nothing here is financial advice or a recommendation to buy or sell. Verdicts can change when new filings land.
Compare with
Same screen, different answers. Comparison is where the standards disagreeing becomes useful rather than confusing.
Peer screening computing — it will appear here on its own.
Insider Activity (90d)
Insider transactions reported in the last ninety days. Insiders sell for reasons that have nothing to do with a view, so a sale on its own is not a signal.
NO DATA 0 buys · 0 sells
COT Positioning — E-MINI S&P 500 - CHICAGO MERCANTILE EXCHANGE
The weekly CFTC Commitments of Traders report for the broad market it tracks, not for this symbol. Positioning context for the tape — it says nothing about this company.
NEUTRAL report date 2026-10-20 · Asset managers net 901377 (-14458)
AI Summary
Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.