Short Interest in Procure Space ETF (NASDAQ:UFO) Increases By 42.6%

Procure Space ETF (NASDAQ:UFO) saw a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 299,195 shares, an increase of 42.6% from the January 15th total of 209,873 shares. Approximately 3.7% of the company’s stock are sold short. Based on an average daily volume of 722,531 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 722,531 shares, the short-interest ratio is currently 0.4 days. Approximately 3.7% of the company’s stock are sold short.

Procure Space ETF Price Performance

NASDAQ:UFO opened at $43.54 on Tuesday. Procure Space ETF has a one year low of $18.40 and a one year high of $48.66. The company’s 50-day simple moving average is $42.46 and its 200 day simple moving average is $37.32. The firm has a market capitalization of $350.50 million, a P/E ratio of 18.98 and a beta of 1.24.

Procure Space ETF Dividend Announcement

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

Hedge Funds Weigh In On Procure Space ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ignite Planners LLC bought a new position in Procure Space ETF during the 2nd quarter valued at about $101,299,000. Stifel Financial Corp raised its position in shares of Procure Space ETF by 31.4% during the 4th quarter. Stifel Financial Corp now owns 137,281 shares of the company’s stock valued at $5,306,000 after purchasing an additional 32,770 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of Procure Space ETF in the third quarter valued at about $3,128,000. Foundations Investment Advisors LLC purchased a new stake in shares of Procure Space ETF during the third quarter worth about $3,126,000. Finally, Client First Investment Management LLC purchased a new stake in Procure Space ETF during the 3rd quarter valued at approximately $2,632,000.

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.