Procure Space ETF (NASDAQ:UFO) Sets New 52-Week High – Here’s Why

Procure Space ETF (NASDAQ:UFO)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $58.96 and last traded at $57.59, with a volume of 1977536 shares changing hands. The stock had previously closed at $56.25.

Procure Space ETF Price Performance

The company’s 50-day moving average price is $49.88 and its 200-day moving average price is $43.61. The company has a market cap of $836.21 million, a P/E ratio of 18.98 and a beta of 1.23.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Foundations Investment Advisors LLC acquired a new position in shares of Procure Space ETF during the third quarter worth about $3,126,000. Quadrature Capital Ltd acquired a new position in shares of Procure Space ETF during the fourth quarter worth about $3,382,000. Rockport Wealth LLC acquired a new position in shares of Procure Space ETF during the fourth quarter worth about $2,782,000. WT Wealth Management acquired a new position in shares of Procure Space ETF during the first quarter worth about $2,732,000. Finally, Quadcap Wealth Management LLC acquired a new position in shares of Procure Space ETF during the first quarter worth about $2,691,000.

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.