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

Posted by Joseph Casey on Nov 27th, 2024

Procure Space ETF (NASDAQ:UFO – Get Free Report) saw a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 81,100 shares, a growth of 5,306.7% from the October 31st total of 1,500 shares. Based on an average daily volume of 18,900 shares, the days-to-cover ratio is currently 4.3 days.

Procure Space ETF Trading Up 0.3 %

Shares of NASDAQ:UFO traded up $0.08 during mid-day trading on Wednesday, reaching $23.20. The company had a trading volume of 7,532 shares, compared to its average volume of 10,735. The firm has a market cap of $42.46 million, a price-to-earnings ratio of 10.18 and a beta of 1.10. The company’s 50-day moving average price is $19.93 and its 200-day moving average price is $18.09. Procure Space ETF has a one year low of $15.09 and a one year high of $23.58.

Procure Space ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 27th were issued a dividend of $0.1812 per share. This is a boost from Procure Space ETF’s previous quarterly dividend of $0.04. The ex-dividend date was Friday, September 27th. This represents a $0.72 dividend on an annualized basis and a yield of 3.12%.

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 stake in shares of Procure Space ETF (NASDAQ:UFO – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 30,128 shares of the company’s stock, valued at approximately $579,000. Flow Traders U.S. LLC owned 1.65% of Procure Space ETF at the end of the most recent reporting period.

About Procure Space ETF

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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.