Procure Space ETF (NASDAQ:UFO) Sees Large Growth in Short Interest

Procure Space ETF (NASDAQ:UFO) was the target of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 85,900 shares, an increase of 17,080.0% from the February 28th total of 500 shares. Approximately 3.7% of the shares of the company are short sold. Based on an average trading volume of 70,000 shares, the short-interest ratio is presently 1.2 days.

Institutional Trading of Procure Space ETF

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

Procure Space ETF Trading Down 1.7 %

Procure Space ETF stock traded down $0.41 during midday trading on Wednesday, reaching $23.38. 11,357 shares of the stock traded hands, compared to its average volume of 28,611. Procure Space ETF has a fifty-two week low of $15.09 and a fifty-two week high of $26.37. The firm has a market cap of $54.95 million, a price-to-earnings ratio of 14.55 and a beta of 1.10. The firm has a fifty day moving average price of $24.00 and a two-hundred day moving average price of $22.12.

Procure Space ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 30th were issued a $0.237 dividend. 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.

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.