Procure Space ETF (NASDAQ:UFO) Shares Up 0.2% – Here’s What Happened

Procure Space ETF (NASDAQ:UFO) shot up 0.2% during mid-day trading on Tuesday. The company traded as high as $44.41 and last traded at $44.24. 165,506 shares traded hands during trading, a decline of 79% from the average session volume of 786,972 shares. The stock had previously closed at $44.17.

Procure Space ETF Trading Up 0.3%

The company has a 50 day simple moving average of $44.73 and a 200 day simple moving average of $49.14. The stock has a market cap of $549.26 million, a P/E ratio of 18.98 and a beta of 1.35.

Procure Space ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 29th were issued a dividend of $0.0582 per share. The ex-dividend date was Monday, June 29th. This represents a $0.23 annualized dividend and a yield of 0.5%.

Institutional Investors Weigh In On Procure Space ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Banque Cantonale Vaudoise acquired a new position in shares of Procure Space ETF during the 1st quarter worth about $42,000. CoreCap Advisors LLC increased its position in shares of Procure Space ETF by 787.4% in the second quarter. CoreCap Advisors LLC now owns 843 shares of the company’s stock valued at $43,000 after acquiring an additional 748 shares during the last quarter. Evolution Wealth Management Inc. bought a new stake in Procure Space ETF during the first quarter worth about $46,000. TD Waterhouse Canada Inc. boosted its position in Procure Space ETF by 97.1% during the second quarter. TD Waterhouse Canada Inc. now owns 1,015 shares of the company’s stock valued at $51,000 after purchasing an additional 500 shares during the last quarter. Finally, JTC Employer Solutions Trustee Ltd bought a new position in Procure Space ETF in the first quarter valued at approximately $52,000.

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.