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

Procure Space ETF (NASDAQ:UFO) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 1,500 shares, a decline of 25.0% from the September 30th total of 2,000 shares. Based on an average daily trading volume, of 13,500 shares, the days-to-cover ratio is currently 0.1 days.

Procure Space ETF Stock Performance

Procure Space ETF stock traded down $0.05 during midday trading on Friday, reaching $18.96. The stock had a trading volume of 8,781 shares, compared to its average volume of 9,181. The stock has a market capitalization of $34.70 million, a PE ratio of 10.18 and a beta of 1.10. The stock’s 50-day simple moving average is $18.99 and its 200 day simple moving average is $17.23. Procure Space ETF has a twelve month low of $15.06 and a twelve month high of $19.84.

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 issued a dividend of $0.1812 per share. This is a positive change from Procure Space ETF’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.72 annualized dividend and a dividend yield of 3.82%.

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.