Procure Space ETF (NASDAQ:UFO) Stock Price Down 7.6% – What’s Next?

Procure Space ETF (NASDAQ:UFO) shares dropped 7.6% on Monday . The stock traded as low as $60.33 and last traded at $60.35. Approximately 1,435,646 shares traded hands during mid-day trading, an increase of 73% from the average daily volume of 827,812 shares. The stock had previously closed at $65.31.

Procure Space ETF Trading Down 7.0%

The firm’s 50-day moving average price is $53.01 and its two-hundred day moving average price is $45.30. The stock has a market cap of $882.38 million, a PE ratio of 18.98 and a beta of 1.23.

Institutional Investors Weigh In On Procure Space ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of UFO. Global Retirement Partners LLC purchased a new stake in Procure Space ETF during the fourth quarter valued at approximately $30,000. Banque Cantonale Vaudoise purchased a new stake in Procure Space ETF during the first quarter valued at approximately $42,000. Evolution Wealth Management Inc. purchased a new stake in Procure Space ETF during the first quarter valued at approximately $46,000. JTC Employer Solutions Trustee Ltd purchased a new stake in Procure Space ETF during the first quarter valued at approximately $52,000. Finally, Geneos Wealth Management Inc. lifted its position in Procure Space ETF by 578.9% during the first quarter. Geneos Wealth Management Inc. now owns 1,290 shares of the company’s stock valued at $58,000 after acquiring an additional 1,100 shares during the last quarter.

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.