Procure Space ETF (NASDAQ:UFO) Short Interest Down 94.6% in December

Procure Space ETF (NASDAQ:UFO) was the target of a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 14,300 shares, a decline of 94.6% from the December 15th total of 265,800 shares. Based on an average daily trading volume, of 30,000 shares, the short-interest ratio is currently 0.5 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 purchased a new position in Procure Space ETF (NASDAQ:UFO) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 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 at the end of the most recent quarter.

Procure Space ETF Price Performance

UFO stock traded up $0.41 on Wednesday, reaching $22.48. The company’s stock had a trading volume of 16,051 shares, compared to its average volume of 52,312. Procure Space ETF has a 52 week low of $15.09 and a 52 week high of $24.72. The firm has a fifty day moving average of $22.80 and a two-hundred day moving average of $19.87. The company has a market capitalization of $49.46 million, a P/E ratio of 10.18 and a beta of 1.10.

Procure Space ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 30th were paid a dividend of $0.237 per share. This is a boost from Procure Space ETF’s previous dividend of $0.04. The ex-dividend date was Monday, December 30th.

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.