Short Interest in Procure Space ETF (NASDAQ:UFO) Expands By 131.1%

Procure Space ETF (NASDAQ:UFO) was the recipient of a large growth in short interest in 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. Currently, 4.2% of the shares of the company are short sold. Based on an average daily trading volume, of 1,081,945 shares, the days-to-cover ratio is presently 0.6 days.

Procure Space ETF Stock Performance

Shares of NASDAQ UFO traded down $2.50 during midday trading on Friday, hitting $65.31. 4,059,203 shares of the stock traded hands, compared to its average volume of 823,967. The firm has a 50-day moving average of $53.01 and a two-hundred day moving average of $45.23. The firm has a market capitalization of $948.30 million, a P/E ratio of 18.98 and a beta of 1.23. Procure Space ETF has a one year low of $23.90 and a one year high of $68.21.

Institutional Investors Weigh In On Procure Space ETF

Several hedge funds and other institutional investors have recently modified their holdings of UFO. Jane Street Group LLC purchased a new stake in shares of Procure Space ETF in the 1st quarter worth $779,000. Raymond James Financial Inc. increased its stake in shares of Procure Space ETF by 124.4% in the 2nd quarter. Raymond James Financial Inc. now owns 20,659 shares of the company’s stock worth $594,000 after purchasing an additional 11,451 shares in the last quarter. Foundations Investment Advisors LLC purchased a new stake in shares of Procure Space ETF in the 3rd quarter worth $3,126,000. HighTower Advisors LLC increased its stake in shares of Procure Space ETF by 215.7% in the 3rd quarter. HighTower Advisors LLC now owns 38,132 shares of the company’s stock worth $1,360,000 after purchasing an additional 26,054 shares in the last quarter. Finally, Generation Capital Management LLC purchased a new stake in shares of Procure Space ETF in the 3rd quarter worth $464,000.

Procure Space ETF Company Profile

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.