Short Interest in Procure Space ETF (NASDAQ:UFO) Rises By 287.5%

Procure Space ETF (NASDAQ:UFO) saw a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 6,200 shares, an increase of 287.5% from the January 15th total of 1,600 shares. Based on an average daily volume of 46,200 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Procure Space ETF

A number of institutional investors and hedge funds have recently made changes to their positions in UFO. Flow Traders U.S. LLC purchased a new stake in shares of Procure Space ETF in the third quarter valued at about $579,000. Walkner Condon Financial Advisors LLC acquired a new stake in Procure Space ETF in the fourth quarter valued at about $402,000. Raymond James Financial Inc. purchased a new stake in Procure Space ETF in the 4th quarter valued at approximately $222,000. Finally, Principal Securities Inc. acquired a new position in Procure Space ETF during the 4th quarter worth approximately $39,000.

Procure Space ETF Stock Down 1.0 %

UFO traded down $0.25 during trading on Wednesday, hitting $24.98. 29,097 shares of the stock were exchanged, compared to its average volume of 55,299. Procure Space ETF has a 1-year low of $15.09 and a 1-year high of $26.28. The stock has a fifty day moving average price of $23.71 and a two-hundred day moving average price of $20.95. The firm has a market capitalization of $58.69 million, a P/E ratio of 10.18 and a beta of 1.10.

Procure Space ETF Increases Dividend

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

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.