Procure Space ETF (NASDAQ:UFO) Sees Significant Decrease in Short Interest

Procure Space ETF (NASDAQ:UFO) was the recipient of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 14,300 shares, a decrease of 94.6% from the December 31st total of 265,800 shares. Based on an average daily volume of 30,000 shares, the short-interest ratio is currently 0.5 days.

Procure Space ETF Trading Down 0.3 %

NASDAQ UFO traded down $0.09 on Tuesday, hitting $24.44. 33,246 shares of the company’s stock were exchanged, compared to its average volume of 55,176. Procure Space ETF has a 52 week low of $15.09 and a 52 week high of $25.65. The stock has a market cap of $55.71 million, a price-to-earnings ratio of 10.18 and a beta of 1.10. The stock has a 50-day moving average of $23.25 and a 200-day moving average of $20.31.

Procure Space ETF Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 30th were issued a dividend of $0.237 per share. The ex-dividend date was Monday, December 30th. This is a positive change from Procure Space ETF’s previous dividend of $0.04.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Procure Space ETF stock. Flow Traders U.S. LLC purchased a new stake in Procure Space ETF (NASDAQ:UFO) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 30,128 shares of the company’s stock, valued at approximately $579,000. Flow Traders U.S. LLC owned 1.65% of Procure Space ETF as of its most recent filing with the Securities and Exchange Commission.

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.