Short Interest in Procure Space ETF (NASDAQ:UFO) Rises By 4,732.7%

Procure Space ETF (NASDAQ:UFO) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 265,800 shares, an increase of 4,732.7% from the November 30th total of 5,500 shares. Based on an average 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 bought a new position in Procure Space ETF (NASDAQ:UFO) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 30,128 shares of the company’s stock, valued at approximately $579,000. Flow Traders U.S. LLC owned about 1.65% of Procure Space ETF at the end of the most recent quarter.

Procure Space ETF Trading Down 1.5 %

UFO stock traded down $0.36 during trading on Friday, hitting $23.87. 37,511 shares of the stock traded hands, compared to its average volume of 13,439. The stock has a market cap of $43.68 million, a price-to-earnings ratio of 10.18 and a beta of 1.10. Procure Space ETF has a one year low of $15.09 and a one year high of $24.29. The company has a 50 day simple moving average of $21.86 and a 200 day simple moving average of $19.20.

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.