Procure Space ETF (NASDAQ:UFO) Short Interest Update

Procure Space ETF (NASDAQ:UFO) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 824,838 shares, a growth of 170.3% from the March 31st total of 305,154 shares. Based on an average daily trading volume, of 855,402 shares, the short-interest ratio is currently 1.0 days. Approximately 7.7% of the company’s shares are sold short.

Procure Space ETF Stock Down 3.5%

Shares of NASDAQ UFO opened at $51.03 on Friday. Procure Space ETF has a twelve month low of $21.61 and a twelve month high of $55.90. The firm has a fifty day simple moving average of $47.42 and a 200 day simple moving average of $42.13. The company has a market capitalization of $692.48 million, a PE ratio of 18.98 and a beta of 1.21.

Hedge Funds Weigh In On Procure Space ETF

A number of hedge funds have recently bought and sold shares of UFO. Jane Street Group LLC bought a new position in Procure Space ETF during the first quarter worth $779,000. Raymond James Financial Inc. raised its stake in Procure Space ETF by 124.4% during the second quarter. Raymond James Financial Inc. now owns 20,659 shares of the company’s stock worth $594,000 after buying an additional 11,451 shares during the last quarter. Griffin Asset Management Inc. bought a new position in Procure Space ETF during the third quarter worth $281,000. Miracle Mile Advisors LLC bought a new stake in Procure Space ETF in the third quarter valued at $245,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in Procure Space ETF in the third quarter valued at $3,128,000.

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.