Short Interest in Procure Space ETF (NASDAQ:UFO) Rises By 5,306.7%

Procure Space ETF (NASDAQ:UFO) saw a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 81,100 shares, an increase of 5,306.7% from the October 31st total of 1,500 shares. Based on an average trading volume of 18,900 shares, the days-to-cover ratio is presently 4.3 days.

Hedge Funds Weigh In On Procure Space ETF

An institutional investor recently bought a new position in Procure Space ETF stock. Flow Traders U.S. LLC acquired a new stake in Procure Space ETF (NASDAQ:UFO) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 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 SEC filing.

Procure Space ETF Stock Up 1.0 %

NASDAQ UFO opened at $23.35 on Thursday. Procure Space ETF has a fifty-two week low of $15.09 and a fifty-two week high of $23.58. The stock has a market cap of $42.73 million, a price-to-earnings ratio of 10.18 and a beta of 1.10. The business has a fifty day moving average of $20.02 and a 200-day moving average of $18.13.

Procure Space ETF Increases Dividend

The business also recently declared 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 3.10%. This is a boost from Procure Space ETF’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Friday, September 27th.

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.