Short Interest in Procure Space ETF (NASDAQ:UFO) Declines By 19.0%

Procure Space ETF (NASDAQ:UFO) was the recipient of a large drop in short interest during the month of March. As of March 31st, there was short interest totaling 305,154 shares, a drop of 19.0% from the March 15th total of 376,683 shares. Based on an average daily volume of 598,616 shares, the days-to-cover ratio is presently 0.5 days. Approximately 3.6% of the shares of the company are short sold.

Procure Space ETF Stock Up 0.1%

UFO traded up $0.05 during trading hours on Friday, hitting $54.75. The stock had a trading volume of 865,102 shares, compared to its average volume of 602,798. The company’s fifty day simple moving average is $46.27 and its 200 day simple moving average is $41.42. Procure Space ETF has a 1 year low of $20.37 and a 1 year high of $55.91. The stock has a market cap of $546.41 million, a PE ratio of 18.98 and a beta of 1.21.

Institutional Investors Weigh In On Procure Space ETF

Several large investors have recently added to or reduced their stakes in UFO. Global Retirement Partners LLC bought a new position in Procure Space ETF in the 4th quarter worth about $30,000. Geneos Wealth Management Inc. boosted its stake in Procure Space ETF by 452.6% in the 3rd quarter. Geneos Wealth Management Inc. now owns 1,050 shares of the company’s stock worth $37,000 after purchasing an additional 860 shares during the period. IFP Advisors Inc boosted its stake in Procure Space ETF by 1,550.8% in the 3rd quarter. IFP Advisors Inc now owns 1,948 shares of the company’s stock worth $69,000 after purchasing an additional 1,830 shares during the period. Comerica Bank bought a new position in Procure Space ETF in the 3rd quarter worth about $89,000. Finally, Centaurus Financial Inc. bought a new position in Procure Space ETF in the 3rd quarter worth about $107,000.

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.