Procure Space ETF (NASDAQ:UFO) Shares Break Above 50 Day Moving Average – What’s Next?

Procure Space ETF (NASDAQ:UFO)’s share price passed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $41.84 and traded as high as $42.49. Procure Space ETF shares last traded at $42.17, with a volume of 100,130 shares.

Procure Space ETF Stock Performance

The company has a market capitalization of $456.28 million, a PE ratio of 13.92 and a beta of 1.43. The company’s fifty day moving average is $41.84 and its 200-day moving average is $47.10.

Procure Space ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th were given a $0.0041 dividend. The ex-dividend date was Tuesday, September 29th. This is a decrease from Procure Space ETF’s previous quarterly dividend of $0.0582. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.0%.

Institutional Trading of Procure Space ETF

Several institutional investors and hedge funds have recently modified their holdings of the company. Latitude Advisors LLC bought a new position in Procure Space ETF in the 3rd quarter worth $27,000. IFP Advisors Inc increased its stake in Procure Space ETF by 109.3% in the 3rd quarter. IFP Advisors Inc now owns 810 shares of the company’s stock worth $34,000 after buying an additional 423 shares in the last quarter. CoreCap Advisors LLC increased its stake in Procure Space ETF by 787.4% in the 2nd quarter. CoreCap Advisors LLC now owns 843 shares of the company’s stock worth $43,000 after buying an additional 748 shares in the last quarter. TD Waterhouse Canada Inc. increased its stake in Procure Space ETF by 97.1% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,015 shares of the company’s stock worth $51,000 after buying an additional 500 shares in the last quarter. Finally, GK Wealth Management LLC bought a new stake in Procure Space ETF during the third quarter valued at about $44,000.

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.