Procure Space ETF (NASDAQ:UFO – Get Free Report) was the recipient of a significant drop in short interest during 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. Based on an average daily volume of 1,013,794 shares, the days-to-cover ratio is presently 0.3 days. Approximately 1.8% of the shares of the company are short sold.
Procure Space ETF Stock Up 2.5%
Shares of NASDAQ:UFO traded up $1.41 during trading on Thursday, hitting $57.77. The stock had a trading volume of 483,506 shares, compared to its average volume of 683,815. Procure Space ETF has a 12-month low of $23.69 and a 12-month high of $57.90. The stock has a market capitalization of $838.82 million, a price-to-earnings ratio of 18.98 and a beta of 1.23. The stock has a 50-day simple moving average of $49.18 and a two-hundred day simple moving average of $43.21.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the stock. LPL Financial LLC raised its position in Procure Space ETF by 10.8% during the fourth quarter. LPL Financial LLC now owns 6,469 shares of the company’s stock valued at $250,000 after acquiring an additional 629 shares in the last quarter. Global Retirement Partners LLC purchased a new position in Procure Space ETF during the fourth quarter valued at approximately $30,000. Geneos Wealth Management Inc. raised its position 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. Composition Wealth LLC raised its position in Procure Space ETF by 13.5% during the fourth quarter. Composition Wealth LLC now owns 7,800 shares of the company’s stock valued at $301,000 after acquiring an additional 930 shares in the last quarter. Finally, Banque Cantonale Vaudoise purchased a new position in Procure Space ETF during the first quarter valued at approximately $42,000.
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.
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