Procure Space ETF (NASDAQ:UFO) Shares Up 1.4% – Should You Buy?

Procure Space ETF (NASDAQ:UFO) shares rose 1.4% during trading on Tuesday . The stock traded as high as $21.89 and last traded at $21.72. Approximately 65,834 shares traded hands during mid-day trading, an increase of 541% from the average daily volume of 10,268 shares. The stock had previously closed at $21.41.

Procure Space ETF Stock Performance

The business’s 50 day moving average price is $19.59 and its two-hundred day moving average price is $17.87. The company has a market capitalization of $40.68 million, a price-to-earnings ratio of 10.18 and a beta of 1.10.

Procure Space ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 27th were paid a dividend of $0.1812 per share. The ex-dividend date was Friday, September 27th. This is a positive change from Procure Space ETF’s previous quarterly dividend of $0.04. This represents a $0.72 annualized dividend and a yield of 3.26%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Procure Space ETF stock. Flow Traders U.S. LLC acquired a new stake in shares of Procure Space ETF (NASDAQ:UFO) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 30,128 shares of the company’s stock, valued at approximately $579,000. Flow Traders U.S. LLC owned approximately 1.65% of Procure Space ETF as of its most recent filing with the Securities & Exchange Commission.

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.