Procure Space ETF (NASDAQ:UFO) Sees Strong Trading Volume – Here’s What Happened

Shares of Procure Space ETF (NASDAQ:UFO) saw an uptick in trading volume on Monday . 1,106,627 shares were traded during mid-day trading, an increase of 58% from the previous session’s volume of 701,274 shares.The stock last traded at $56.58 and had previously closed at $56.25.

Procure Space ETF Price Performance

The company has a market capitalization of $820.09 million, a P/E ratio of 18.98 and a beta of 1.23. The company has a fifty day moving average price of $49.63 and a 200 day moving average price of $43.48.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC acquired a new stake in Procure Space ETF in the fourth quarter worth $30,000. Banque Cantonale Vaudoise bought a new position in shares of Procure Space ETF during the first quarter worth about $42,000. Evolution Wealth Management Inc. bought a new position in shares of Procure Space ETF during the first quarter worth about $46,000. Geneos Wealth Management Inc. increased its holdings in shares of Procure Space ETF by 578.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,290 shares of the company’s stock worth $58,000 after acquiring an additional 1,100 shares during the period. Finally, IFP Advisors Inc increased its holdings in shares of Procure Space ETF by 1,550.8% in the 3rd quarter. IFP Advisors Inc now owns 1,948 shares of the company’s stock worth $69,000 after acquiring an additional 1,830 shares during the period.

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.