Procure Space ETF (NASDAQ:UFO) Short Interest Update

Procure Space ETF (NASDAQ:UFO) was the target of a large growth in short interest in January. As of January 15th, there was short interest totaling 209,873 shares, a growth of 130.5% from the December 31st total of 91,052 shares. Currently, 3.1% of the company’s stock are sold short. Based on an average trading volume of 480,840 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 480,840 shares, the days-to-cover ratio is currently 0.4 days. Currently, 3.1% of the company’s stock are sold short.

Procure Space ETF Price Performance

Procure Space ETF stock traded down $0.74 during midday trading on Thursday, hitting $47.41. 527,136 shares of the company were exchanged, compared to its average volume of 587,284. Procure Space ETF has a fifty-two week low of $18.40 and a fifty-two week high of $48.66. The company has a market cap of $321.45 million, a PE ratio of 18.98 and a beta of 1.24. The company’s fifty day moving average price is $39.62 and its 200-day moving average price is $36.02.

Procure Space ETF Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Geneos Wealth Management Inc. raised its holdings in Procure Space ETF by 452.6% during the 3rd quarter. Geneos Wealth Management Inc. now owns 1,050 shares of the company’s stock worth $37,000 after buying an additional 860 shares during the period. IFP Advisors Inc boosted its holdings in 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 period. Comerica Bank bought a new stake in shares of Procure Space ETF in the 3rd quarter worth approximately $89,000. Centaurus Financial Inc. bought a new stake in shares of Procure Space ETF during the third quarter valued at approximately $107,000. Finally, Smith Shellnut Wilson LLC ADV bought a new stake in Procure Space ETF in the second quarter valued at about $213,000.

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.