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

Procure Space ETF (NASDAQ:UFO) saw a large growth in short interest in January. As of January 30th, there was short interest totaling 299,195 shares, a growth of 42.6% from the January 15th total of 209,873 shares. Approximately 3.7% of the shares of the stock are sold short. Based on an average daily volume of 722,531 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 722,531 shares, the short-interest ratio is currently 0.4 days. Approximately 3.7% of the shares of the stock are sold short.

Institutional Investors Weigh In On Procure Space ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. LPL Financial LLC increased its stake in Procure Space ETF by 10.8% in the 4th quarter. LPL Financial LLC now owns 6,469 shares of the company’s stock valued at $250,000 after purchasing an additional 629 shares in the last quarter. Global Retirement Partners LLC purchased a new position in shares of Procure Space ETF in the fourth quarter valued at $30,000. Geneos Wealth Management Inc. raised its stake in shares of Procure Space ETF by 452.6% during the 3rd quarter. Geneos Wealth Management Inc. now owns 1,050 shares of the company’s stock worth $37,000 after buying an additional 860 shares during the last quarter. Composition Wealth LLC boosted its position in shares of Procure Space ETF by 13.5% in the 4th quarter. Composition Wealth LLC now owns 7,800 shares of the company’s stock worth $301,000 after buying an additional 930 shares in the last quarter. Finally, IFP Advisors Inc grew its stake in Procure Space ETF by 1,550.8% in the 3rd quarter. IFP Advisors Inc now owns 1,948 shares of the company’s stock valued at $69,000 after acquiring an additional 1,830 shares during the last quarter.

Procure Space ETF Stock Up 2.1%

Shares of UFO opened at $43.54 on Friday. Procure Space ETF has a 52-week low of $18.40 and a 52-week high of $48.66. The company has a 50-day simple moving average of $42.31 and a 200-day simple moving average of $37.17. The company has a market capitalization of $350.50 million, a PE ratio of 18.98 and a beta of 1.24.

Procure Space ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 29th were issued a $0.09 dividend. The ex-dividend date of this dividend was Monday, December 29th. This represents a $0.36 dividend on an annualized basis and a yield of 0.8%.

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.