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

Procure Space ETF (NASDAQ:UFO) saw a significant 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. Based on an average daily volume of 722,531 shares, the short-interest ratio is presently 0.4 days. Approximately 3.7% of the shares of the stock are sold short. 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 presently 0.4 days.

Procure Space ETF Price Performance

Shares of Procure Space ETF stock opened at $43.54 on Friday. Procure Space ETF has a 1 year low of $18.40 and a 1 year high of $48.66. The business has a 50 day moving average price of $42.31 and a 200 day moving average price of $37.17. The company has a market capitalization of $350.50 million, a P/E ratio of 18.98 and a beta of 1.24.

Procure Space ETF Announces Dividend

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

Institutional Trading of Procure Space ETF

A number of large investors have recently made changes to their positions in the stock. Stifel Financial Corp increased its position in Procure Space ETF by 31.4% during the 4th quarter. Stifel Financial Corp now owns 137,281 shares of the company’s stock worth $5,306,000 after purchasing an additional 32,770 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Procure Space ETF during the 4th quarter worth about $279,000. Jane Street Group LLC grew its holdings in shares of Procure Space ETF by 11.5% during the fourth quarter. Jane Street Group LLC now owns 51,676 shares of the company’s stock worth $1,997,000 after buying an additional 5,332 shares in the last quarter. LPL Financial LLC grew its holdings in shares of Procure Space ETF by 10.8% during the fourth quarter. LPL Financial LLC now owns 6,469 shares of the company’s stock worth $250,000 after buying an additional 629 shares in the last quarter. Finally, Goldman Sachs Group Inc. acquired a new position in shares of Procure Space ETF in the fourth quarter valued at approximately $386,000.

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.