Procure Space ETF (NASDAQ:UFO) Sees Strong Trading Volume – What’s Next?

Procure Space ETF (NASDAQ:UFO) saw unusually-strong trading volume on Wednesday . Approximately 863,323 shares were traded during mid-day trading, an increase of 14% from the previous session’s volume of 757,194 shares.The stock last traded at $66.30 and had previously closed at $65.44.

Procure Space ETF Price Performance

The company’s fifty day simple moving average is $51.77 and its 200-day simple moving average is $44.62. The firm has a market capitalization of $972.26 million, a PE ratio of 18.98 and a beta of 1.23.

Hedge Funds Weigh In On Procure Space ETF

Several institutional investors and hedge funds have recently bought and sold shares of UFO. Foundations Investment Advisors LLC purchased a new position in Procure Space ETF in the third quarter worth $3,126,000. Quadrature Capital Ltd purchased a new position in Procure Space ETF in the fourth quarter worth $3,382,000. Rockport Wealth LLC purchased a new position in Procure Space ETF in the fourth quarter worth $2,782,000. Bank of America Corp DE grew its holdings in Procure Space ETF by 1,590.5% in the first quarter. Bank of America Corp DE now owns 65,590 shares of the company’s stock worth $2,939,000 after purchasing an additional 61,710 shares during the last quarter. Finally, WT Wealth Management purchased a new stake in shares of Procure Space ETF during the first quarter valued at $2,732,000.

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.