Procure Space ETF (NASDAQ:UFO) Stock Price Up 1.4% – Here’s Why

Procure Space ETF (NASDAQ:UFO) shot up 1.4% during trading on Tuesday . The company traded as high as $21.89 and last traded at $21.72. 65,834 shares were traded during mid-day trading, an increase of 541% from the average session volume of 10,268 shares. The stock had previously closed at $21.41.

Procure Space ETF Trading Up 3.1 %

The stock has a market cap of $40.68 million, a P/E ratio of 10.18 and a beta of 1.10. The firm has a 50-day simple moving average of $19.59 and a two-hundred day simple moving average of $17.87.

Procure Space ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 27th were paid a $0.1812 dividend. 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. This represents a $0.72 annualized dividend and a yield of 3.26%.

Institutional Investors Weigh In On Procure Space ETF

A hedge fund recently bought a new stake in Procure Space ETF stock. Flow Traders U.S. LLC acquired a new position in shares of Procure Space ETF (NASDAQ:UFO) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 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.