Short Interest in Procure Space ETF (NASDAQ:UFO) Expands By 130.5%

Procure Space ETF (NASDAQ:UFO) was the recipient of a significant 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. Based on an average daily volume of 480,840 shares, the short-interest ratio is currently 0.4 days. Currently, 3.1% of the company’s shares are sold short. Currently, 3.1% of the company’s shares are sold short. Based on an average daily volume of 480,840 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of Procure Space ETF

Several large investors have recently made changes to their positions in the company. Ignite Planners LLC bought a new position in Procure Space ETF in the 2nd quarter valued at $101,299,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in Procure Space ETF in the 3rd quarter worth approximately $3,128,000. Foundations Investment Advisors LLC bought a new position in shares of Procure Space ETF in the third quarter worth approximately $3,126,000. Client First Investment Management LLC purchased a new position in shares of Procure Space ETF during the third quarter valued at about $2,632,000. Finally, Cetera Investment Advisers purchased a new position in shares of Procure Space ETF during the second quarter valued at approximately $1,408,000.

Procure Space ETF Price Performance

UFO stock traded down $0.74 during midday trading on Thursday, hitting $47.41. The company’s stock had a trading volume of 527,136 shares, compared to its average volume of 587,284. The company’s fifty day moving average price is $39.62 and its 200 day moving average price is $36.02. The stock has a market capitalization of $321.45 million, a P/E ratio of 18.98 and a beta of 1.24. Procure Space ETF has a twelve month low of $18.40 and a twelve month high of $48.66.

Procure Space ETF Dividend Announcement

The company 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. The ex-dividend date was Monday, December 29th. This represents a $0.36 dividend on an annualized basis and a yield of 0.8%.

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.