Summary
UFO Chart
Rocket Lab to Acquire Iridium: What the $8B Deal Means for UFO Investors
Investors in the Procure Space ETF (UFO) woke up to a major development in the commercial space industry — and it didn't come from SpaceX.
Space ETFs: How SpaceX Is Reshaping the Theme
Key Takeaways: SpaceX's IPO has created strong ETF demand across leveraged, active, and index-based strategies. The Procure Space ETF (UFO) remains central as the original pure-play space ETF, with its index methodology adapting for SpaceX.
Procure Space ETF (UFO) Adds SpaceX Following Historic Debut
The multi-trillion-dollar space economy hit warp speed after the highly anticipated public debut of SpaceX (SPCX) on the Nasdaq last week. In a move that highlights the shifting dynamics of passive thematic investing, the Procure Space ETF (UFO) added a stake in the commercial aerospace pioneer (6.
Procure Space ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 13 | $502.45 | $585.13 | $82.68 | 16.46% |
| SC Suzanne Cross JTC Employer Solutions Trustee Ltd | 1,200 | $53,772 | $54,318 | $546 | 1.02% |
| CAL CoreCap Advisors LLC CoreCap Advisors LLC | 843 | $41,051.07 | $38,272.2 | -$2,778.87 | -6.77% |
| MT Michael Topley Lansing Street Advisors | 6,089 | $272,848.09 | $268,130.33 | -$4,717.76 | -1.73% |
| CCW Cassaday & Co. Wealth Management LLC Cassaday & Co. Wealth Management LLC | 170 | $7,618 | $7,468.95 | -$149.05 | -1.96% |
Procure Space ETF (UFO) FAQ
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Procure Space ETF Profile
| NASDAQ (NMS) Exchange | US Country |
Overview
The fund represents an investment opportunity focused on the burgeoning space industry. By allocating at least 80% of its net assets to companies that derive a significant portion of their revenue or profits from space-related businesses, the fund seeks to leverage the growth potential within this innovative sector. This criterion ensures that the investment stays concentrated on entities deeply involved in space ventures, from satellite technology to other aerospace activities. The fund's strategy revolves around tracking an underlying index composed of globally traded companies active in space-related businesses, aiming to mirror the advancement and investment prospects within this field. Despite being non-diversified, the focus on such a dynamic and future-oriented sector could present unique opportunities for growth-oriented investors.
Products and Services
- Space-Related Business Investments:
The fund's primary product is an investment vehicle that targets companies involved in the space industry. Recognizing the sector’s potential for high growth, the fund selects businesses that get at least 50% of their revenues or profits from space-related activities, such as manufacturing satellites, providing satellite services, or developing aerospace technologies.
- Underlying Index Tracking:
A core feature of the fund is its strategy to track an underlying index. This index serves as a benchmark for the performance of a globally traded portfolio of companies in the space industry, ensuring that investors have a measurable and transparent mechanism to gauge the fund’s performance against the broader market trends in this sector.
