Procure Space ETF (NASDAQ:UFO) Short Interest Update

Procure Space ETF (NASDAQ:UFO) saw a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 81,100 shares, an increase of 5,306.7% from the October 31st total of 1,500 shares. Based on an average daily volume of 18,900 shares, the short-interest ratio is presently 4.3 days.

Procure Space ETF Price Performance

NASDAQ UFO traded up $0.82 during trading on Friday, hitting $24.17. 31,550 shares of the company’s stock traded hands, compared to its average volume of 10,865. The stock has a fifty day moving average of $20.10 and a two-hundred day moving average of $18.16. Procure Space ETF has a 12-month low of $15.09 and a 12-month high of $24.26. The firm has a market cap of $44.23 million, a P/E ratio of 10.18 and a beta of 1.10.

Procure Space ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 27th were issued a dividend of $0.1812 per share. The ex-dividend date of this dividend was Friday, September 27th. This is a boost from Procure Space ETF’s previous quarterly dividend of $0.04. This represents a $0.72 annualized dividend and a yield of 3.00%.

Hedge Funds Weigh In On Procure Space ETF

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

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.