Procure Space ETF (NASDAQ:UFO) Short Interest Up 287.5% in January

Procure Space ETF (NASDAQ:UFO) saw a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 6,200 shares, an increase of 287.5% from the January 15th total of 1,600 shares. Based on an average trading volume of 46,200 shares, the short-interest ratio is currently 0.1 days.

Procure Space ETF Price Performance

Procure Space ETF stock opened at $25.59 on Friday. The company’s 50-day moving average is $23.74 and its 200-day moving average is $20.97. The firm has a market capitalization of $60.14 million, a PE ratio of 10.18 and a beta of 1.10. Procure Space ETF has a fifty-two week low of $15.09 and a fifty-two week high of $26.28.

Procure Space ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 30th were given a dividend of $0.237 per share. The ex-dividend date was Monday, December 30th. This is an increase from Procure Space ETF’s previous dividend of $0.04.

Institutional Trading of Procure Space ETF

A number of hedge funds have recently made changes to their positions in UFO. Flow Traders U.S. LLC acquired a new stake in Procure Space ETF during the third quarter worth approximately $579,000. Walkner Condon Financial Advisors LLC acquired a new stake in Procure Space ETF during the 4th quarter worth approximately $402,000. Raymond James Financial Inc. bought a new stake in Procure Space ETF in the 4th quarter valued at $222,000. Finally, Principal Securities Inc. bought a new stake in Procure Space ETF in the 4th quarter valued at $39,000.

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.