Procure Space ETF (NASDAQ:UFO) Sees Large Growth in Short Interest

Procure Space ETF (NASDAQ:UFO) saw a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 232,500 shares, an increase of 72.3% from the May 15th total of 134,900 shares. Currently, 10.5% of the shares of the stock are sold short. Based on an average trading volume of 39,800 shares, the short-interest ratio is presently 5.8 days.

Procure Space ETF Trading Up 3.7%

Shares of NASDAQ:UFO opened at $26.82 on Tuesday. The company has a 50 day moving average of $23.47 and a 200-day moving average of $23.43. The firm has a market cap of $59.54 million, a P/E ratio of 15.95 and a beta of 1.10. Procure Space ETF has a twelve month low of $15.52 and a twelve month high of $26.97.

Procure Space ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, March 28th. Investors of record on Thursday, March 27th were issued a $0.0121 dividend. The ex-dividend date of this dividend was Thursday, March 27th.

Institutional Trading of Procure Space ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in UFO. Principal Securities Inc. bought a new stake in shares of Procure Space ETF in the 4th quarter worth approximately $39,000. Raymond James Financial Inc. bought a new stake in shares of Procure Space ETF in the 4th quarter worth approximately $222,000. Walkner Condon Financial Advisors LLC bought a new stake in shares of Procure Space ETF in the 4th quarter worth approximately $402,000. Jane Street Group LLC bought a new stake in shares of Procure Space ETF in the 1st quarter worth approximately $779,000. Finally, Stifel Financial Corp bought a new stake in shares of Procure Space ETF in the 4th quarter worth approximately $1,605,000.

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.