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 in 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. Approximately 3.6% of the shares of the stock are short sold. Based on an average daily volume of 598,616 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On Procure Space ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. LPL Financial LLC boosted its stake in Procure Space ETF by 10.8% during the 4th quarter. LPL Financial LLC now owns 6,469 shares of the company’s stock valued at $250,000 after purchasing an additional 629 shares in the last quarter. Global Retirement Partners LLC bought a new position in Procure Space ETF during the 4th quarter valued at $30,000. Geneos Wealth Management Inc. boosted its stake in Procure Space ETF by 452.6% during the 3rd quarter. Geneos Wealth Management Inc. now owns 1,050 shares of the company’s stock valued at $37,000 after purchasing an additional 860 shares in the last quarter. Composition Wealth LLC boosted its stake in Procure Space ETF by 13.5% during the 4th quarter. Composition Wealth LLC now owns 7,800 shares of the company’s stock valued at $301,000 after purchasing an additional 930 shares in the last quarter. Finally, IFP Advisors Inc boosted its stake in Procure Space ETF by 1,550.8% during the 3rd quarter. IFP Advisors Inc now owns 1,948 shares of the company’s stock valued at $69,000 after purchasing an additional 1,830 shares in the last quarter.

Procure Space ETF Stock Performance

Shares of NASDAQ UFO opened at $52.20 on Thursday. The stock has a fifty day moving average price of $46.02 and a two-hundred day moving average price of $41.33. The firm has a market cap of $520.96 million, a P/E ratio of 18.98 and a beta of 1.21. Procure Space ETF has a 1 year low of $20.37 and a 1 year high of $52.95.

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.