Procure Space ETF (NASDAQ:UFO) Short Interest Down 68.1% in April

Procure Space ETF (NASDAQ:UFO) was the target of a significant drop in short interest in the month of 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 stock are sold short. Based on an average trading volume of 1,013,794 shares, the days-to-cover ratio is currently 0.3 days.

Procure Space ETF Price Performance

Shares of NASDAQ UFO traded down $1.72 during mid-day trading on Friday, reaching $56.25. The company’s stock had a trading volume of 975,700 shares, compared to its average volume of 699,344. The firm has a market capitalization of $816.75 million, a PE ratio of 18.98 and a beta of 1.23. The stock has a fifty day moving average of $49.43 and a two-hundred day moving average of $43.35. Procure Space ETF has a 52 week low of $23.69 and a 52 week high of $58.33.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Global Retirement Partners LLC purchased a new stake in Procure Space ETF during the 4th quarter valued at approximately $30,000. Banque Cantonale Vaudoise bought a new position in shares of Procure Space ETF during the first quarter worth $42,000. Evolution Wealth Management Inc. bought a new position in shares of Procure Space ETF during the first quarter worth $46,000. Geneos Wealth Management Inc. grew its stake in Procure Space ETF by 452.6% during the third quarter. Geneos Wealth Management Inc. now owns 1,050 shares of the company’s stock valued at $37,000 after acquiring an additional 860 shares in the last quarter. Finally, IFP Advisors Inc grew its stake in Procure Space ETF by 1,550.8% during the third quarter. IFP Advisors Inc now owns 1,948 shares of the company’s stock valued at $69,000 after acquiring an additional 1,830 shares in the last quarter.

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.