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

Procure Space ETF (NASDAQ:UFO) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 204,800 shares, an increase of 50.4% from the August 15th total of 136,200 shares. Currently, 6.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 102,400 shares, the short-interest ratio is currently 2.0 days. Based on an average daily trading volume, of 102,400 shares, the short-interest ratio is currently 2.0 days. Currently, 6.6% of the shares of the stock are sold short.

Procure Space ETF Trading Up 1.8%

NASDAQ:UFO opened at $34.92 on Tuesday. The company’s 50-day moving average price is $31.44 and its 200-day moving average price is $26.52. The company has a market cap of $108.25 million, a P/E ratio of 18.98 and a beta of 1.10. Procure Space ETF has a twelve month low of $18.40 and a twelve month high of $34.93.

Procure Space ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 27th were paid a $0.0751 dividend. This represents a $0.30 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, June 27th.

Hedge Funds Weigh In On Procure Space ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. Ignite Planners LLC purchased a new position in shares of Procure Space ETF in the second quarter worth about $101,299,000. Cetera Investment Advisers acquired a new position in shares of Procure Space ETF in the second quarter valued at approximately $1,408,000. Jane Street Group LLC acquired a new position in shares of Procure Space ETF in the first quarter valued at approximately $779,000. Raymond James Financial Inc. grew its holdings in shares of Procure Space ETF by 124.4% in the second quarter. Raymond James Financial Inc. now owns 20,659 shares of the company’s stock valued at $594,000 after purchasing an additional 11,451 shares in the last quarter. Finally, Smith Shellnut Wilson LLC ADV purchased a new position in Procure Space ETF in the second quarter worth approximately $213,000.

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.