Procure Space ETF (NASDAQ:UFO) Short Interest Up 103.2% in February

Procure Space ETF (NASDAQ:UFO) was the recipient of a significant increase in short interest in February. As of February 15th, there was short interest totalling 12,600 shares, an increase of 103.2% from the January 31st total of 6,200 shares. Based on an average daily trading volume, of 60,900 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Walkner Condon Financial Advisors LLC bought a new stake in Procure Space ETF during the fourth quarter valued at $402,000. Principal Securities Inc. bought a new stake in shares of Procure Space ETF during the 4th quarter valued at about $39,000. Flow Traders U.S. LLC bought a new stake in shares of Procure Space ETF during the 3rd quarter valued at about $579,000. Raymond James Financial Inc. purchased a new position in shares of Procure Space ETF during the fourth quarter worth about $222,000. Finally, Stifel Financial Corp bought a new position in shares of Procure Space ETF in the fourth quarter worth approximately $1,605,000.

Procure Space ETF Trading Up 0.6 %

UFO stock opened at $23.53 on Friday. The firm has a 50 day moving average of $24.11 and a 200-day moving average of $21.56. The firm has a market capitalization of $55.30 million, a P/E ratio of 15.75 and a beta of 1.10. Procure Space ETF has a 12 month low of $15.09 and a 12 month high of $26.36.

Procure Space ETF Increases Dividend

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

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.