Short Interest in Procure Space ETF (NASDAQ:UFO) Rises By 130.5%

Procure Space ETF (NASDAQ:UFO) saw a significant increase in short interest in January. As of January 15th, there was short interest totaling 209,873 shares, an increase of 130.5% from the December 31st total of 91,052 shares. Currently, 3.1% of the company’s stock are short sold. Based on an average trading volume of 480,840 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 480,840 shares, the short-interest ratio is presently 0.4 days. Currently, 3.1% of the company’s stock are short sold.

Procure Space ETF Price Performance

NASDAQ UFO traded down $1.67 on Friday, hitting $45.46. The stock had a trading volume of 373,104 shares, compared to its average volume of 589,178. The business’s fifty day moving average price is $39.93 and its 200 day moving average price is $36.10. The stock has a market cap of $332.73 million, a price-to-earnings ratio of 18.98 and a beta of 1.24. Procure Space ETF has a 52-week low of $18.40 and a 52-week high of $48.66.

Procure Space ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 29th were paid a $0.09 dividend. The ex-dividend date was Monday, December 29th. This represents a $0.36 dividend on an annualized basis and a yield of 0.8%.

Institutional Investors Weigh In On Procure Space ETF

Large investors have recently modified their holdings of the business. Ignite Planners LLC acquired a new stake in Procure Space ETF in the 2nd quarter worth approximately $101,299,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of Procure Space ETF during the third quarter worth $3,128,000. Foundations Investment Advisors LLC purchased a new stake in shares of Procure Space ETF during the third quarter valued at $3,126,000. Client First Investment Management LLC purchased a new position in Procure Space ETF in the 3rd quarter worth $2,632,000. Finally, Cetera Investment Advisers purchased a new stake in Procure Space ETF during the 2nd quarter valued at about $1,408,000.

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.