Procure Space ETF - UFO STOCK NEWS

ProcureAM has announced a ticker change for its ETF from FEMA to FIXT, effective February 15, 2023. This change reflects the fund's focus on global companies engaged in natural disaster recovery and risk reduction efforts. The ETF aims to support industries that mitigate damages from climate-related events, with estimates showing annual disaster costs could reach $2 trillion by century's end. The fund tracks the VettaFi Natural Disaster Recovery and Mitigation Index, which includes businesses involved in various recovery sectors. This aligns with the increasing frequency and intensity of natural disasters.

ProcureAM has launched the Procure Disaster Recovery Strategy ETF (FEMA), marking a significant entry into the $2.2 trillion disaster recovery market. The ETF is designed to invest in companies involved in sustainable recovery efforts from natural disasters, reacting to the projected rise in damages of $2 trillion annually due to climate-related disasters. It tracks the VettaFi Natural Disaster Response and Mitigation Index and features an expense ratio of 0.75%. The launch event included ringing the opening bell at Nasdaq.

Momentus Inc. (NASDAQ: MNTS) has been included in the Procure Space Exchange-Traded Fund (ETF) (NASDAQ: UFO), marking a significant milestone for the company. This ETF, the first of its kind focused on the global space economy, added MNTS as part of its semi-annual portfolio rebalancing on December 20. Momentus aims to provide in-space infrastructure services, including transportation and hosted payloads, with its innovative water plasma propulsion system. CEO John Rood expressed optimism about the future potential of commercial space services.

ProcureAM announced the semi-annual rebalance of the Procure Space ETF (NASDAQ: UFO), adding eight newly public companies involved in the global space economy as of December 20, 2021. The updated portfolio includes Arqit Quantum, Astra Space, BlackSky Technology, Momentus, Mynaric, Redwire, Rocket Lab, and Spire Global. These companies collectively enhance UFO's exposure to cutting-edge technologies in the space sector, reflecting the growing commitment of investors to the space economy.

ProcureAM has updated the prospectus for the Procure Space ETF (UFO) to include a risk disclosure concerning unidentified aerial phenomena (UAP). This decision follows the Pentagon's release of a report detailing various UAP sightings. According to CEO Andrew Chanin, UAPs pose significant national security concerns. The ETF, which launched in 2019, focuses on the global space economy, requiring at least 80% of its components to derive most of their revenue from space-related activities. Investors are advised to consider risks associated with UAPs impacting satellites and other security issues.

ProcureAM celebrated a significant milestone for The Procure Space ETF (UFO) by ringing the Nasdaq Closing Bell on April 12, 2021. Launched nearly two years ago, the ETF has surpassed $100 million in assets under management, indicating heightened investor interest in the burgeoning space economy. CEO Andrew Chanin highlighted increasing investments both commercially and from the government, marking a pivotal moment for the space sector. The ceremony can be viewed live, showcasing the ETF's role in capturing the growth potential of this emerging industry.

ProcureAM has announced that its Procure Space ETF (UFO) is now available for options trading on the Nasdaq Options Market, effective January 27, 2021. This move aligns with increasing investor demand for UFO and innovative trading strategies. The ETF's assets under management have surged over 100% since the start of the year, and UFO has gained over 9% year-to-date, outperforming the S&P 500 by more than 7%. For more information, visit ProcureETFs.com.