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

Procure Space ETF (NASDAQ:UFO) was the target of a significant decline in short interest during the month of October. As of October 15th, there was short interest totalling 1,500 shares, a decline of 25.0% from the September 30th total of 2,000 shares. Based on an average daily volume of 13,500 shares, the days-to-cover ratio is currently 0.1 days.

Procure Space ETF Stock Performance

Procure Space ETF stock traded up $0.39 during mid-day trading on Monday, hitting $19.35. 14,381 shares of the company traded hands, compared to its average volume of 9,206. Procure Space ETF has a one year low of $15.09 and a one year high of $19.84. The stock has a market cap of $35.41 million, a price-to-earnings ratio of 10.18 and a beta of 1.10. The stock has a fifty day moving average price of $18.99 and a 200-day moving average price of $17.24.

Procure Space ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 27th were issued a $0.1812 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.75%. This is a positive change from Procure Space ETF’s previous quarterly dividend of $0.04. The ex-dividend date was Friday, September 27th.

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.