Procure Space ETF (NASDAQ:UFO) Short Interest Down 96.0% in February

Procure Space ETF (NASDAQ:UFO) saw a significant decrease in short interest in February. As of February 28th, there was short interest totalling 500 shares, a decrease of 96.0% from the February 13th total of 12,600 shares. Based on an average daily volume of 74,500 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Trading of Procure Space ETF

Several hedge funds have recently made changes to their positions in the business. Stifel Financial Corp acquired a new position in shares of Procure Space ETF during the fourth quarter worth about $1,605,000. Flow Traders U.S. LLC acquired a new position in shares of Procure Space ETF during the third quarter worth about $579,000. Walkner Condon Financial Advisors LLC acquired a new position in Procure Space ETF during the fourth quarter worth about $402,000. Raymond James Financial Inc. purchased a new position in Procure Space ETF during the 4th quarter valued at about $222,000. Finally, Principal Securities Inc. purchased a new stake in Procure Space ETF during the 4th quarter worth about $39,000.

Procure Space ETF Stock Performance

Shares of UFO traded up $0.04 during trading hours on Wednesday, hitting $22.59. 14,784 shares of the stock were exchanged, compared to its average volume of 28,270. The company has a market cap of $53.07 million, a price-to-earnings ratio of 15.75 and a beta of 1.10. Procure Space ETF has a 12-month low of $15.09 and a 12-month high of $26.37. The stock’s 50-day moving average price is $24.06 and its two-hundred day moving average price is $21.83.

Procure Space ETF Increases Dividend

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