Short Interest in Procure Space ETF (NASDAQ:UFO) Rises By 287.5%

Procure Space ETF (NASDAQ:UFO) saw a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 6,200 shares, an increase of 287.5% from the January 15th total of 1,600 shares. Based on an average daily trading volume, of 46,200 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Procure Space ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Flow Traders U.S. LLC purchased a new stake in shares of Procure Space ETF during the 3rd quarter valued at approximately $579,000. Walkner Condon Financial Advisors LLC purchased a new stake in shares of Procure Space ETF during the fourth quarter worth $402,000. Principal Securities Inc. purchased a new stake in Procure Space ETF during the 4th quarter worth about $39,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Procure Space ETF in the 4th quarter valued at approximately $222,000.

Procure Space ETF Stock Performance

Shares of UFO stock traded down $0.25 on Wednesday, reaching $24.98. 29,097 shares of the company were exchanged, compared to its average volume of 55,299. The business has a 50-day moving average price of $23.71 and a 200 day moving average price of $20.95. Procure Space ETF has a 1 year low of $15.09 and a 1 year high of $26.28. The company has a market cap of $58.69 million, a price-to-earnings ratio of 10.18 and a beta of 1.10.

Procure Space ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 30th were paid a $0.237 dividend. This is a positive change from Procure Space ETF’s previous dividend of $0.04. The ex-dividend date of this dividend was Monday, December 30th.

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.