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

The Procure Space ETF (NASDAQ:UFO – Get Free Report) has seen a considerable drop in short interest for the month of November. By the end of November, the short interest was reported at 5,500 shares, which represents a staggering decline of 93.2% from the short interest of 81,100 shares noted on November 15th. When considering the fund's average daily trading volume of 21,600 shares, this results in a short-interest ratio of just 0.3 days.

Institutional Investments in Procure Space ETF

In recent developments, an institutional investor has made a new purchase in Procure Space ETF stock. According to the latest Form 13F filing with the SEC, Flow Traders U.S. LLC acquired 30,128 shares during the third quarter, amounting to an investment of approximately $579,000. This positions Flow Traders U.S. LLC as owning around 1.65% of Procure Space ETF by the conclusion of this reporting period.

Performance Overview of Procure Space ETF

The stock opened at $23.12 on the latest Thursday. The fund’s fifty-day moving average stands at $20.90, while the two-hundred-day moving average is at $18.65. Procure Space ETF's market capitalization is currently at $42.31 million, with a price-to-earnings ratio of 10.18 and a beta of 1.10. The stock has fluctuated between a fifty-two week low of $15.09 and a high of $24.29.

Dividend Increase for Procure Space ETF

Additionally, Procure Space ETF recently announced an increase in its quarterly dividend. The latest dividend, which was paid on Monday, September 30th, was set at $0.1812 for shareholders on record as of Friday, September 27th. This adjustment brings the annualized dividend to $0.72, reflecting a yield of 3.13%. The ex-dividend date was also marked on September 27th. This increase follows a prior quarterly dividend of just $0.04.

About Procure Space ETF

The Procure Space ETF (UFO) is an exchange-traded fund that follows the S-Network Space index. This fund tracks a tier-weighted index comprising aerospace companies from around the world. Launched on April 11, 2019, it is managed by ProcureAM.

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Procure, ETF, Investment