Procure Space ETF (NASDAQ:UFO) Short Interest Down 94.6% in January

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

Procure Space ETF Stock Performance

UFO stock traded down $0.09 during mid-day trading on Tuesday, hitting $24.44. 33,246 shares of the company were exchanged, compared to its average volume of 55,176. The firm has a market cap of $55.71 million, a P/E ratio of 10.18 and a beta of 1.10. Procure Space ETF has a 1-year low of $15.09 and a 1-year high of $25.65. The firm’s 50 day simple moving average is $23.25 and its 200 day simple moving average is $20.31.

Procure Space ETF Increases Dividend

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

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Procure Space ETF stock. Flow Traders U.S. LLC acquired a new position in shares of Procure Space ETF (NASDAQ:UFO) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period.

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.