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

Procure Space ETF (NASDAQ:UFO) was the recipient of a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 5,500 shares, a decline of 93.2% from the November 15th total of 81,100 shares. Based on an average daily volume of 21,600 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On Procure Space ETF

An institutional investor recently bought a new position in Procure Space ETF stock. Flow Traders U.S. LLC bought a new position in shares of Procure Space ETF (NASDAQ:UFO) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 30,128 shares of the company’s stock, valued at approximately $579,000. Flow Traders U.S. LLC owned about 1.65% of Procure Space ETF at the end of the most recent reporting period.

Procure Space ETF Price Performance

UFO stock opened at $23.12 on Thursday. The business’s fifty day moving average price is $20.90 and its two-hundred day moving average price is $18.65. The stock has a market capitalization of $42.31 million, a price-to-earnings 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 $24.29.

Procure Space ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 27th were paid a $0.1812 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date was Friday, September 27th. This is an increase from Procure Space ETF’s previous quarterly dividend of $0.04.

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.