Procure Space ETF (NASDAQ:UFO) Short Interest Up 4,732.7% in December

Procure Space ETF (NASDAQ:UFO) saw a significant growth in short interest in December. As of December 15th, there was short interest totalling 265,800 shares, a growth of 4,732.7% from the November 30th total of 5,500 shares. Based on an average daily trading volume, of 23,900 shares, the short-interest ratio is currently 11.1 days.

Procure Space ETF Stock Performance

Shares of UFO traded up $0.62 during mid-day trading on Thursday, hitting $24.10. 10,574 shares of the stock were exchanged, compared to its average volume of 13,243. The company has a market cap of $44.10 million, a PE ratio of 10.18 and a beta of 1.10. Procure Space ETF has a 52-week low of $15.09 and a 52-week high of $24.29. The firm has a 50-day moving average of $21.68 and a two-hundred day moving average of $19.11.

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) during the third quarter, according to its most recent 13F filing with the 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 as of its most recent SEC filing.

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.