Procure Space ETF (NASDAQ:UFO) Short Interest Up 33,448.4% in March

Procure Space ETF (NASDAQ:UFO) saw a significant increase in short interest in March. As of March 31st, there was short interest totalling 1,040,000 shares, an increase of 33,448.4% from the March 15th total of 3,100 shares. Based on an average trading volume of 218,800 shares, the short-interest ratio is presently 4.8 days.

Institutional Investors Weigh In On Procure Space ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Advisor Group Holdings Inc. lifted its stake in shares of Procure Space ETF by 19.5% during the first quarter. Advisor Group Holdings Inc. now owns 4,786 shares of the company’s stock worth $123,000 after buying an additional 782 shares during the period. Royal Bank of Canada raised its holdings in shares of Procure Space ETF by 23.3% during the second quarter. Royal Bank of Canada now owns 5,442 shares of the company’s stock worth $104,000 after purchasing an additional 1,030 shares during the last quarter. UBS Group AG raised its holdings in shares of Procure Space ETF by 88.3% during the fourth quarter. UBS Group AG now owns 2,463 shares of the company’s stock worth $48,000 after purchasing an additional 1,155 shares during the last quarter. Citadel Advisors LLC raised its holdings in shares of Procure Space ETF by 25.2% during the second quarter. Citadel Advisors LLC now owns 19,709 shares of the company’s stock worth $393,000 after purchasing an additional 3,965 shares during the last quarter. Finally, Raymond James & Associates purchased a new position in shares of Procure Space ETF during the first quarter worth $208,000.

Procure Space ETF Stock Down 1.5 %

Shares of UFO opened at $15.97 on Thursday. The company has a market cap of $33.22 million, a price-to-earnings ratio of 14.23 and a beta of 1.10. Procure Space ETF has a twelve month low of $15.06 and a twelve month high of $20.50. The company has a 50 day moving average of $16.76 and a two-hundred day moving average of $16.72.

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.