Procure Space ETF (UFO) Now Listed on Nasdaq Options Market

Rhea-AI Summary

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.

Positive

• UFO is now available for options trading, catering to growing investor interest.
• Assets under management for UFO have increased by more than 100% in 2021.
• UFO has outperformed the S&P 500 by over 7% year-to-date.

Negative

• None.

LEVITTOWN, PA / ACCESSWIRE / January 29, 2021 / ProcureAM, a wholly owned subsidiary of Procure Holdings, LLC, announces that the Procure Space ETF (Nasdaq:UFO) is available for options trading via the Nasdaq Options Market (NOM), effective as of Jan. 27, 2021.

"We are pleased Nasdaq has made this move amid increasing investor demand for UFO and creative trading strategies," said Andrew Chanin, co-founder and CEO of ProcureAM. "Now, investors have even more ways to play the emerging space economy."

UFO's assets under management (AUM) have grown exponentially this year, surging more than 100% from Jan. 1 to Jan. 29, 2021. The fund is also up over 9% year-to-date, beating the S&P 500 by more than 7%. For standardized performance and expenses please click here.

For more information on UFO, visit www.ProcureETFs.com or subscribe to ProcureAM's mailing list here.

About ProcureAM

ProcureAM, LLC (ProcureAM) is an innovative exchange-traded product (ETP) issuer based in Levittown, Pennsylvania. Established by renowned industry veterans Robert Tull and Andrew Chanin, ProcureAM offers a unique platform for the creation of both proprietary and partnered ETPs. ProcureAM listens to clients and endeavors to provide investors with access to distinct investment opportunities. Whether you are looking to invest in ETPs or create one, contact ProcureAM to explore your performance potential: www.ProcureETFs.com.

Media contact:

Gregory FCA for ProcureAM
Jill Fritz, 484-832-7034
procuream@gregoryfca.com

Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the Funds may be lower or higher than the performance quoted. All performance is historical and includes reinvestment of dividends and capital gains. Performance data current to the most recent month end may be obtained by calling 866-690-ETFS (3837).

Please consider the Funds investment objectives, risks, and charges and expenses carefully before you invest. This and other important information is contained in the Fund's summary prospectus and prospectus, which can be obtained by visiting procureetfs.com. Read carefully before you invest.

Investing involves risk. Principal loss is possible. The Fund is also subject to the following risks: Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the funds. Brokerage commissions will reduce returns. Aerospace and defense companies can be significantly affected by government aerospace and defense regulation and spending policies. The exploration of space by private industry and the harvesting of space assets is a business based in future and is witnessing new entrants into the market. Investments in the Fund will be riskier than traditional investments in established industry sectors. The Fund is considered to be concentrated in securities of companies that operate or utilize satellites which are subject to manufacturing delays, launch delays or failures, and operational and environmental risks that could limit their ability to utilize the satellites needed to deliver services to customers. Investing in foreign securities are volatile, harder to price, and less liquid than U.S. securities. Securities of small- and mid-capitalization companies may experience much more price volatility, greater spreads between their bid and ask prices and significantly lower trading volumes than securities issued by large, more established companies. The Fund is not actively managed so it would not take defensive positions in declining markets unless such positions are reflected in the underlying index. Please refer to the summary prospectus for a more detailed explanation of the Funds' principal risks. It is not possible to invest in an index.

UFO is distributed by Quasar Distributors LLC.

SOURCE: ProcureAM

View source version on accesswire.com:
https://www.accesswire.com/626745/Procure-Space-ETF-UFO-Now-Listed-on-Nasdaq-Options-Market

FAQ

What is the Procure Space ETF (UFO) and its recent developments?

UFO is an exchange-traded fund now available for options trading on Nasdaq Options Market since January 27, 2021, indicating increased investor demand.

How has UFO performed compared to the S&P 500?

As of January 29, 2021, UFO is up over 9% year-to-date, outperforming the S&P 500 by more than 7%.

What has been the growth in UFO's assets under management?

UFO's assets under management have surged more than 100% from January 1 to January 29, 2021.

Where can I find more information about the Procure Space ETF (UFO)?

Further details about UFO can be found at www.ProcureETFs.com.