Short Interest in Procure Space ETF (NASDAQ:UFO) Grows By 17,080.0%

Procure Space ETF (NASDAQ:UFO) was the recipient of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 85,900 shares, a growth of 17,080.0% from the February 28th total of 500 shares. Based on an average daily trading volume, of 70,000 shares, the short-interest ratio is presently 1.2 days. Approximately 3.7% of the company’s stock are short sold.

Procure Space ETF Stock Down 1.5 %

Shares of NASDAQ:UFO opened at $23.00 on Friday. Procure Space ETF has a fifty-two week low of $15.09 and a fifty-two week high of $26.37. The firm’s 50 day moving average price is $24.02 and its 200 day moving average price is $22.13. The stock has a market cap of $54.05 million, a price-to-earnings ratio of 14.55 and a beta of 1.10.

Procure Space ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, March 28th. Stockholders of record on Thursday, March 27th will be issued a $0.0121 dividend. The ex-dividend date of this dividend is Thursday, March 27th.

Institutional Investors Weigh In On Procure Space ETF

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

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.