Procure Space ETF (NASDAQ:UFO) Short Interest Update

Procure Space ETF (NASDAQ:UFO) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 265,800 shares, a growth of 4,732.7% from the November 30th total of 5,500 shares. Based on an average daily trading volume, of 23,900 shares, the days-to-cover ratio is currently 11.1 days.

Institutional Investors Weigh In On Procure Space ETF

A hedge fund recently bought a new stake in Procure Space ETF stock. Flow Traders U.S. LLC acquired a new stake in shares of Procure Space ETF (NASDAQ:UFO) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 30,128 shares of the company’s stock, valued at approximately $579,000. Flow Traders U.S. LLC owned approximately 1.65% of Procure Space ETF at the end of the most recent quarter.

Procure Space ETF Stock Performance

Shares of UFO traded down $0.36 during trading hours on Friday, reaching $23.87. 37,511 shares of the company traded hands, compared to its average volume of 13,439. The stock’s fifty day moving average is $21.86 and its 200 day moving average is $19.20. Procure Space ETF has a 1-year low of $15.09 and a 1-year high of $24.29. The stock has a market cap of $43.68 million, a P/E ratio of 10.18 and a beta of 1.10.

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.