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(Investorideas.com
Newswire) a go-to platform for big investing ideas, including defense
and space stocks, issues a news alert for (NASDAQ: UFO).
Procure Space ETF® (NASDAQ: UFO), the world’s first exchange-traded fund focused exclusively on
the global space industry,
announced
that it has surpassed $500 million in assets under management (AUM),
coinciding with the fund’s seven-year anniversary.
(NASDAQ: UFO) is trading up today, currently at $53.97, +1.77 (+3.39%). The 52
Week Range
is $20.37 – 54.16.
Since its launch in 2019, UFO has provided investors with targeted
access to a dynamic and fast-evolving sector that includes satellite
communications, Earth observation, launch services, and space-based
infrastructure. The fund’s growth to over half a billion dollars in
AUM reflects increasing recognition of the space economy as a
critical and investable frontier.
“Reaching $500 million in assets is a significant milestone and a
testament to the growing importance of the space economy in global
markets,” said Andrew Chanin, CEO at ProcureAM. “Almost a decade
ago we recognized the vital role the space sector would play in
everyday life, powering everything from navigation and
communications to national security and climate monitoring, which
is why we launched the world’s first pure-play space
exchange-traded fund.”
The Procure Space ETF® tracks the S-Network Space Index*,
offering diversified exposure to companies that derive a substantial
portion of their revenues from space-related activities. As
commercial innovation accelerates and government investment
continues to rise, the space sector is poised for sustained
long-term growth.
Over the past seven years, the space industry has undergone a
dramatic transformation, driven by declining launch costs, increased
private sector participation, and advancements in satellite
technology. Companies across the space value chain have benefited
from these tailwinds, positioning the sector as a compelling
opportunity for investors seeking growth and diversification.
“As we celebrate seven years of UFO, we remain committed to
providing investors with pure-play access to the space economy,”
added Chanin. “We believe the next decade will bring even greater
innovation and expansion, and we’re excited to continue helping
investors participate in this journey.”
For more information about the Procure Space ETF®, please visit
www.ProcureETFs.com.
About ProcureAM
ProcureAM, LLC (ProcureAM) is an innovative exchange-traded product
issuer. Established by renowned industry veterans Robert Tull and
Andrew Chanin, ProcureAM offers a unique platform for the creation
of both proprietary and partnered ETPs. Whether you are looking to
invest in ETPs or create one, contact ProcureAM to explore your
performance potential:
www.ProcureETFs.com.
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