Short Interest in Procure Space ETF (NASDAQ:UFO) Decreases By 68.1%

Procure Space ETF (NASDAQ:UFO) saw a significant drop in short interest in April. As of April 30th, there was short interest totaling 263,434 shares, a drop of 68.1% from the April 15th total of 824,838 shares. Approximately 1.8% of the shares of the company are short sold. Based on an average trading volume of 1,013,794 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of Procure Space ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. LPL Financial LLC increased its position in shares of Procure Space ETF by 10.8% in the fourth quarter. LPL Financial LLC now owns 6,469 shares of the company’s stock valued at $250,000 after buying an additional 629 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in shares of Procure Space ETF in the fourth quarter valued at approximately $30,000. Geneos Wealth Management Inc. increased its position in shares of Procure Space ETF by 452.6% in the third quarter. Geneos Wealth Management Inc. now owns 1,050 shares of the company’s stock valued at $37,000 after buying an additional 860 shares in the last quarter. Composition Wealth LLC increased its position in shares of Procure Space ETF by 13.5% in the fourth quarter. Composition Wealth LLC now owns 7,800 shares of the company’s stock valued at $301,000 after buying an additional 930 shares in the last quarter. Finally, Banque Cantonale Vaudoise purchased a new stake in shares of Procure Space ETF in the first quarter valued at approximately $42,000.

Procure Space ETF Price Performance

UFO stock traded up $1.41 during trading on Thursday, hitting $57.77. 483,506 shares of the company traded hands, compared to its average volume of 683,815. The stock’s 50-day simple moving average is $49.18 and its 200 day simple moving average is $43.21. The company has a market cap of $838.82 million, a PE ratio of 18.98 and a beta of 1.23. Procure Space ETF has a 1 year low of $23.69 and a 1 year high of $57.90.

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.