Procure Space ETF (NASDAQ:UFO) Short Interest Update

Procure Space ETF (NASDAQ:UFO) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 608,903 shares, a growth of 131.1% from the April 30th total of 263,434 shares. Approximately 4.2% of the company’s shares are short sold. Based on an average daily volume of 1,081,945 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of Procure Space ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Global Retirement Partners LLC bought a new position in shares of Procure Space ETF in the 4th quarter worth $30,000. Banque Cantonale Vaudoise bought a new stake in Procure Space ETF in the first quarter valued at about $42,000. Evolution Wealth Management Inc. acquired a new position in Procure Space ETF in the first quarter valued at about $46,000. JTC Employer Solutions Trustee Ltd acquired a new position in Procure Space ETF in the first quarter valued at about $52,000. Finally, Geneos Wealth Management Inc. boosted its holdings in Procure Space ETF by 578.9% during the first quarter. Geneos Wealth Management Inc. now owns 1,290 shares of the company’s stock worth $58,000 after buying an additional 1,100 shares during the last quarter.

Procure Space ETF Price Performance

UFO opened at $63.03 on Monday. The company has a market cap of $915.20 million, a price-to-earnings ratio of 18.98 and a beta of 1.23. The firm has a 50 day simple moving average of $53.01 and a 200 day simple moving average of $45.30. Procure Space ETF has a fifty-two week low of $23.90 and a fifty-two week high of $68.21.

About Procure Space ETF

The Procure Space ETF (UFO) is an exchange-traded fund that is based on the S-Network Space index. The fund tracks a tier-weighted index of aerospace companies located globally. UFO was launched on Apr 11, 2019 and is managed by ProcureAM.