Procure Space ETF (NASDAQ:UFO) Short Interest Up 148.0% in June

Procure Space ETF (NASDAQ:UFO) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 1,170,497 shares, a growth of 148.0% from the May 31st total of 471,917 shares. Currently, 8.1% of the shares of the company are sold short. Based on an average daily trading volume, of 2,015,929 shares, the days-to-cover ratio is currently 0.6 days.

Procure Space ETF Stock Up 5.0%

Shares of NASDAQ UFO opened at $48.50 on Monday. Procure Space ETF has a 12 month low of $28.36 and a 12 month high of $68.21. The company has a market cap of $704.22 million, a P/E ratio of 18.98 and a beta of 1.30. The business’s 50 day moving average is $54.91 and its two-hundred day moving average is $48.03.

Hedge Funds Weigh In On Procure Space ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Global Retirement Partners LLC bought a new stake in Procure Space ETF in the 4th quarter valued at $30,000. Banque Cantonale Vaudoise bought a new position in shares of Procure Space ETF during the 1st quarter worth about $42,000. Evolution Wealth Management Inc. bought a new position in shares of Procure Space ETF during the 1st quarter worth about $46,000. JTC Employer Solutions Trustee Ltd acquired a new position in shares of Procure Space ETF during the first quarter valued at about $52,000. Finally, Geneos Wealth Management Inc. raised its position in shares of Procure Space ETF by 578.9% during the first quarter. Geneos Wealth Management Inc. now owns 1,290 shares of the company’s stock valued at $58,000 after buying an additional 1,100 shares during 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.