Short Interest in Procure Space ETF (NASDAQ:UFO) Expands By 148.0%

Procure Space ETF (NASDAQ:UFO) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 1,170,497 shares, a growth of 148.0% from the May 31st total of 471,917 shares. Based on an average trading volume of 2,015,929 shares, the short-interest ratio is presently 0.6 days. Approximately 8.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of UFO. Stifel Financial Corp raised its holdings in Procure Space ETF by 31.4% in the 4th quarter. Stifel Financial Corp now owns 137,281 shares of the company’s stock worth $5,306,000 after acquiring an additional 32,770 shares during the period. Nwam LLC grew its position in shares of Procure Space ETF by 127.8% in the first quarter. Nwam LLC now owns 106,895 shares of the company’s stock valued at $4,790,000 after purchasing an additional 59,970 shares during the last quarter. Rockport Wealth LLC increased its stake in shares of Procure Space ETF by 38.9% in the first quarter. Rockport Wealth LLC now owns 99,965 shares of the company’s stock worth $4,479,000 after purchasing an additional 27,979 shares during the period. Quadrature Capital Ltd acquired a new position in shares of Procure Space ETF during the 4th quarter worth about $3,382,000. Finally, Bank of America Corp DE lifted its position in shares of Procure Space ETF by 1,590.5% during the 1st quarter. Bank of America Corp DE now owns 65,590 shares of the company’s stock worth $2,939,000 after purchasing an additional 61,710 shares during the last quarter.

Procure Space ETF Stock Up 5.0%

Shares of Procure Space ETF stock opened at $48.50 on Monday. Procure Space ETF has a 12-month low of $28.36 and a 12-month high of $68.21. The stock has a 50 day moving average price of $54.91 and a two-hundred day moving average price of $48.03. The stock has a market capitalization of $704.22 million, a P/E ratio of 18.98 and a beta of 1.30.

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.