Procure Space ETF (NASDAQ: UFO) Experiences Dramatic Drop in Short Interest

The Procure Space ETF (NASDAQ: UFO – Get Free Report) has recently observed a notable reduction in short interest throughout November. By November 30th, short interest had decreased to 5,500 shares, representing a substantial 93.2% drop from the 81,100 shares reported on November 15th. Given an average daily trading volume of 21,600 shares, the current short-interest ratio stands at a mere 0.3 days.

Institutional Investor Activity

In a recent development, an institutional investor has taken a new position in the Procure Space ETF. According to its latest Form 13F filing with the SEC, Flow Traders U.S. LLC acquired 30,128 shares during the third quarter, amounting to approximately $579,000. This positions Flow Traders U.S. LLC with about a 1.65% ownership stake in the Procure Space ETF at the conclusion of the most recent reporting period.

Performance of Procure Space ETF Stock

As of Thursday, UFO's stock opened at a price of $23.12. The stock's fifty-day moving average stands at $20.90, while its two-hundred-day moving average is recorded at $18.65. The market capitalization of the Procure Space ETF is currently valued at $42.31 million, and it has a price-to-earnings ratio of 10.18, alongside a beta of 1.10. Notably, the ETF's stock range over the past year has been a low of $15.09 to a high of $24.29.

Dividend Increase Announced

The Procure Space ETF has also announced an increase in its quarterly dividend. Most recently, a dividend of $0.1812 was paid to investors on record as of Friday, September 27th. This reflects an annualized dividend of $0.72, yielding 3.13%. The ex-dividend date was also noted on September 27th, with this new amount being a rise from the previous quarterly dividend of $0.04.

Overview of Procure Space ETF

The Procure Space ETF (UFO) is an exchange-traded fund associated with the S-Network Space Index. It is designed to track a tier-weighted index composed of aerospace companies from around the globe. Launched on April 11, 2019, it is managed by ProcureAM.

Related Topics

• Five stocks we like better than Procure Space ETF
• What is a Dividend King?
• The Great CPU Race: AMD and Intel Battle for Dominance
• Consumer Staples Stocks, Explained
• GameStop Turns a Profit: So What? It’s Still Not Worth Investing
• Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?
• C3.ai Stock Surges on Strong Sales Despite Profit Concerns

Stay Updated - To receive daily updates on the latest news and analyst ratings for the Procure Space ETF and related companies, you can sign up for a free daily email newsletter.

Procure, Space, ETF