Procure Space ETF (NASDAQ:UFO) Sees Large Increase in Short Interest

by · The Markets Daily

Procure Space ETF (NASDAQ:UFO – Get Free Report) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 1,170,497 shares, a growth of 148.0% from the May 31st total of 471,917 shares. Based on an average daily trading volume, of 2,015,929 shares, the short-interest ratio is currently 0.6 days. Approximately 8.1% of the company’s stock are short sold.

Institutional Investors Weigh In On Procure Space ETF

Several institutional investors and hedge funds have recently modified their holdings of UFO. NewEdge Advisors LLC acquired a new position in Procure Space ETF during the first quarter worth $303,000. Glenmede Trust Co. NA bought a new position in Procure Space ETF during the first quarter valued at about $229,000. Bank of America Corp DE lifted its position in shares of Procure Space ETF by 1,590.5% in the first quarter. Bank of America Corp DE now owns 65,590 shares of the company’s stock worth $2,939,000 after buying an additional 61,710 shares during the last quarter. JTC Employer Solutions Trustee Ltd acquired a new stake in shares of Procure Space ETF in the first quarter worth about $52,000. Finally, Centaurus Financial Inc. boosted its stake in shares of Procure Space ETF by 98.5% during the 1st quarter. Centaurus Financial Inc. now owns 6,543 shares of the company’s stock worth $293,000 after acquiring an additional 3,247 shares in the last quarter.

Procure Space ETF Price Performance

UFO traded up $1.48 during midday trading on Tuesday, hitting $50.67. 764,597 shares of the company’s stock traded hands, compared to its average volume of 968,251. The company has a market cap of $735.73 million, a PE ratio of 18.98 and a beta of 1.30. The stock’s fifty day simple moving average is $54.79 and its 200-day simple moving average is $48.12. Procure Space ETF has a one year low of $28.36 and a one year high of $68.21.

Procure Space ETF Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 29th will be issued a dividend of $0.0582 per share. The ex-dividend date is Monday, June 29th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.5%.

Procure Space ETF Company Profile

(Get Free Report)

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.

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