Procure Space ETF (NASDAQ:UFO) Short Interest Up 103.2% in February

Procure Space ETF (NASDAQ:UFO) was the target of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 12,600 shares, a growth of 103.2% from the January 31st total of 6,200 shares. Based on an average daily trading volume, of 60,900 shares, the days-to-cover ratio is presently 0.2 days.

Procure Space ETF Trading Up 0.6 %

Shares of Procure Space ETF stock traded up $0.15 during trading on Friday, reaching $23.53. The company’s stock had a trading volume of 122,915 shares, compared to its average volume of 77,644. The stock has a 50-day moving average price of $24.11 and a two-hundred day moving average price of $21.59. Procure Space ETF has a one year low of $15.09 and a one year high of $26.36. The stock has a market capitalization of $55.30 million, a P/E ratio of 15.75 and a beta of 1.10.

Procure Space ETF Increases Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Principal Securities Inc. acquired a new stake in Procure Space ETF in the fourth quarter worth about $39,000. Raymond James Financial Inc. acquired a new stake in Procure Space ETF in the fourth quarter worth about $222,000. Walkner Condon Financial Advisors LLC acquired a new stake in Procure Space ETF in the fourth quarter worth about $402,000. Flow Traders U.S. LLC acquired a new stake in Procure Space ETF in the third quarter worth about $579,000. Finally, Stifel Financial Corp acquired a new stake in Procure Space ETF in the fourth quarter worth about $1,605,000.

About Procure Space ETF

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.