Procure Space ETF (NASDAQ:UFO) Sees Large Volume Increase – What’s Next?

Procure Space ETF (NASDAQ:UFO) saw unusually-strong trading volume on Wednesday . Approximately 863,323 shares traded hands during trading, an increase of 14% from the previous session’s volume of 757,194 shares.The stock last traded at $66.30 and had previously closed at $65.44.

Procure Space ETF Price Performance

The company has a market cap of $984.60 million, a P/E ratio of 18.98 and a beta of 1.23. The company’s 50-day moving average is $52.61 and its two-hundred day moving average is $45.09.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Stifel Financial Corp lifted its holdings in shares of Procure Space ETF by 31.4% during the fourth quarter. Stifel Financial Corp now owns 137,281 shares of the company’s stock valued at $5,306,000 after purchasing an additional 32,770 shares in the last quarter. Nwam LLC raised its position in Procure Space ETF by 127.8% in the 1st quarter. Nwam LLC now owns 106,895 shares of the company’s stock worth $4,790,000 after buying an additional 59,970 shares during the last quarter. Rockport Wealth LLC raised its position in Procure Space ETF by 38.9% in the 1st quarter. Rockport Wealth LLC now owns 99,965 shares of the company’s stock worth $4,479,000 after buying an additional 27,979 shares during the last quarter. Foundations Investment Advisors LLC bought a new position in Procure Space ETF during the 3rd quarter valued at about $3,126,000. Finally, Quadrature Capital Ltd bought a new position in Procure Space ETF during the 4th quarter valued at about $3,382,000.

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.