Short Interest in Procure Space ETF (NASDAQ:UFO) Increases By 148.0%

Procure Space ETF (NASDAQ:UFO) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 1,170,497 shares, an increase of 148.0% from the May 31st total of 471,917 shares. Based on an average daily volume of 2,015,929 shares, the days-to-cover ratio is presently 0.6 days. Approximately 8.1% of the shares of the company are sold short.

Institutional Investors Weigh In On Procure Space ETF

A number of hedge funds have recently bought and sold shares of UFO. Jane Street Group LLC acquired a new stake in shares of Procure Space ETF in the first quarter valued at about $779,000. Raymond James Financial Inc. lifted its position in shares of Procure Space ETF by 124.4% during the 2nd quarter. Raymond James Financial Inc. now owns 20,659 shares of the company’s stock worth $594,000 after purchasing an additional 11,451 shares during the last quarter. HighTower Advisors LLC boosted its stake in Procure Space ETF by 215.7% during the 3rd quarter. HighTower Advisors LLC now owns 38,132 shares of the company’s stock valued at $1,360,000 after purchasing an additional 26,054 shares during the period. Comerica Bank bought a new stake in Procure Space ETF during the 3rd quarter valued at approximately $89,000. Finally, Centaurus Financial Inc. acquired a new stake in Procure Space ETF in the 3rd quarter valued at approximately $107,000.

Procure Space ETF Stock Performance

Shares of Procure Space ETF stock traded down $0.29 on Wednesday, reaching $50.38. The stock had a trading volume of 374,258 shares, compared to its average volume of 962,266. The business’s 50-day moving average price is $54.71 and its two-hundred day moving average price is $48.21. The stock has a market cap of $731.52 million, a P/E ratio of 18.98 and a beta of 1.30. Procure Space ETF has a fifty-two week low of $28.50 and a fifty-two week high of $68.21.

Procure Space ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 29th were issued a $0.0582 dividend. This represents a $0.23 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, June 29th.

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.