Procure Space ETF (NASDAQ:UFO) Trading Up 1.4% – Still a Buy?

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

Procure Space ETF Price Performance

The firm’s 50 day moving average price is $19.46 and its 200 day moving average price is $17.80. The stock has a market capitalization of $39.75 million, a P/E ratio of 10.18 and a beta of 1.10.

Procure Space ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 27th were paid 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 dividend on an annualized basis and a dividend yield of 3.34%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Procure Space ETF stock. Flow Traders U.S. LLC purchased a new position in Procure Space ETF (NASDAQ:UFO) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 30,128 shares of the company’s stock, valued at approximately $579,000. Flow Traders U.S. LLC owned about 1.65% of Procure Space ETF at the end of the most recent reporting period.

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.