Short Interest in Procure Space ETF (NASDAQ:UFO) Drops By 94.6%

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

Procure Space ETF Price Performance

UFO stock traded up $0.38 during trading on Thursday, reaching $24.30. 22,776 shares of the stock traded hands, compared to its average volume of 55,057. The business’s 50 day moving average price is $23.42 and its 200-day moving average price is $20.44. The firm has a market capitalization of $55.40 million, a PE ratio of 10.18 and a beta of 1.10. Procure Space ETF has a 52-week low of $15.09 and a 52-week high of $25.65.

Procure Space ETF Increases Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of UFO. Principal Securities Inc. acquired a new stake in Procure Space ETF in the fourth quarter valued at approximately $39,000. Walkner Condon Financial Advisors LLC purchased a new position in shares of Procure Space ETF in the fourth quarter valued at $402,000. Finally, Flow Traders U.S. LLC purchased a new stake in Procure Space ETF during the 3rd quarter worth $579,000.

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.