Procure Space ETF (NASDAQ:UFO) Trading Down 7.6% – Here’s What Happened

Procure Space ETF (NASDAQ:UFO)’s share price traded down 7.6% on Monday . The company traded as low as $60.33 and last traded at $60.35. 1,435,646 shares were traded during mid-day trading, an increase of 73% from the average session volume of 827,812 shares. The stock had previously closed at $65.31.

Procure Space ETF Price Performance

The stock’s 50 day moving average price is $53.31 and its two-hundred day moving average price is $45.49. The firm has a market capitalization of $886.88 million, a price-to-earnings ratio of 18.98 and a beta of 1.23.

Hedge Funds Weigh In On Procure Space ETF

Large investors have recently bought and sold shares of the stock. HighTower Advisors LLC raised its stake in Procure Space ETF by 215.7% during the 3rd quarter. HighTower Advisors LLC now owns 38,132 shares of the company’s stock valued at $1,360,000 after purchasing an additional 26,054 shares during the last quarter. Nwam LLC acquired a new position in Procure Space ETF during the 4th quarter valued at $1,814,000. Generation Capital Management LLC acquired a new position in Procure Space ETF during the 3rd quarter valued at $464,000. Rockport Wealth LLC acquired a new position in Procure Space ETF during the 4th quarter valued at $2,782,000. Finally, Geneos Wealth Management Inc. raised its stake in Procure Space ETF by 578.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,290 shares of the company’s stock valued at $58,000 after purchasing an additional 1,100 shares during the last quarter.

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.