Short Interest in Procure Space ETF (NASDAQ:UFO) Drops By 35.1%

Procure Space ETF (NASDAQ:UFO) was the target of a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 91,052 shares, a decline of 35.1% from the December 15th total of 140,369 shares. Based on an average trading volume of 312,047 shares, the days-to-cover ratio is presently 0.3 days. Currently, 1.9% of the shares of the stock are short sold. Currently, 1.9% of the shares of the stock are short sold. Based on an average trading volume of 312,047 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Procure Space ETF

Several hedge funds have recently made changes to their positions in the business. Geneos Wealth Management Inc. grew its position in Procure Space ETF by 452.6% in the third quarter. Geneos Wealth Management Inc. now owns 1,050 shares of the company’s stock worth $37,000 after acquiring an additional 860 shares in the last quarter. IFP Advisors Inc lifted its stake in shares of Procure Space ETF by 1,550.8% in the 3rd quarter. IFP Advisors Inc now owns 1,948 shares of the company’s stock valued at $69,000 after purchasing an additional 1,830 shares during the last quarter. Comerica Bank purchased a new position in shares of Procure Space ETF in the 3rd quarter worth approximately $89,000. Centaurus Financial Inc. bought a new position in shares of Procure Space ETF during the 3rd quarter valued at approximately $107,000. Finally, Smith Shellnut Wilson LLC ADV bought a new position in shares of Procure Space ETF during the 2nd quarter valued at approximately $213,000.

Procure Space ETF Price Performance

Shares of NASDAQ UFO traded up $1.37 during midday trading on Friday, reaching $47.36. 666,379 shares of the stock traded hands, compared to its average volume of 504,439. The company’s 50 day moving average is $37.52 and its 200 day moving average is $35.07. Procure Space ETF has a one year low of $18.40 and a one year high of $47.82. The stock has a market capitalization of $277.06 million, a PE ratio of 18.98 and a beta of 1.24.

Procure Space ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 29th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, December 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.