Procure Space ETF (NASDAQ:UFO) Short Interest Down 94.6% in December

Procure Space ETF (NASDAQ:UFO) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 14,300 shares, a drop of 94.6% from the December 15th total of 265,800 shares. Based on an average daily trading volume, of 30,000 shares, the short-interest ratio is currently 0.5 days.

Procure Space ETF Price Performance

NASDAQ:UFO traded down $0.76 during trading hours on Monday, reaching $22.09. 93,178 shares of the company were exchanged, compared to its average volume of 60,768. Procure Space ETF has a 52-week low of $15.09 and a 52-week high of $24.72. The stock has a 50 day simple moving average of $22.76 and a 200 day simple moving average of $19.83. The firm has a market cap of $48.60 million, a price-to-earnings ratio of 10.18 and a beta of 1.10.

Procure Space ETF Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 30th were given a dividend of $0.237 per share. The ex-dividend date of this dividend was Monday, December 30th. This is an increase from Procure Space ETF’s previous dividend of $0.04.

Institutional Investors Weigh In On Procure Space ETF

An institutional investor recently bought a new position in Procure Space ETF stock. Flow Traders U.S. LLC purchased a new position in shares of Procure Space ETF (NASDAQ:UFO) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 30,128 shares of the company’s stock, valued at approximately $579,000. Flow Traders U.S. LLC owned approximately 1.65% of Procure Space ETF as of its most recent filing with the Securities and Exchange Commission.

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.