The investment seeks investment results that correspond generally to the performance, before the fund's fees and expenses, of an equity index called the "S-Network Space Index". The fund invests, under normal circumstances, at least 80% of its net assets in companies of the underlying index that receive at least 50% of their revenues or profits from space-related businesses. The underlying index is designed to serve as an equity benchmark for a globally traded portfolio of companies that are engaged in space-related business, such as those utilizing satellite technology. The fund is non-diversified.
IPO Year: n/a
Exchange: NASDAQ
Approach provides investment exposure to $2.2 trillion industry. Firm to celebrate launch by ringing Nasdaq opening bellLEVITTOWN, PA / ACCESSWIRE / June 1, 2022 / ProcureAM, a wholly owned subsidiary of Procure Holdings, LLC, today launches the Procure Disaster Recovery Strategy ETF (NASDAQ:FEMA), and rings the opening bell at Nasdaq MarketSite in celebration.Since 1980, the United States alone has sustained 323 weather and climate disasters, costing a staggering $2.2 trillion dollars in total. By the end of this century, the U.S. government predicts $2 trillion per year in damages from hurricanes, wildfires, floods, droughts, severe storms or earthquakes. The FEMA ETF is the first fund to
Momentus Inc. (NASDAQ:MNTS) ("Momentus" or the "Company"), a U.S. commercial space company that plans to offer transportation and other in-space infrastructure services, today announced its inclusion in the Procure Space Exchange-Traded Fund (ETF) (NASDAQ:UFO) – the world's first ETF to offer pure-play exposure to the global space economy. MNTS and several other space stocks were added to UFO on December 20 as part of the ETF's semi-annual portfolio rebalancing exercise. UFO's underlying index, the S-Network Space Index, requires that at least 80% of its components derive a majority of their revenue from space-related activities. "We're pleased to be included in the Procure Space ETF," sa
8 newly public space-related companies added to the fundLEVITTOWN, PA / ACCESSWIRE / December 20, 2021 / ProcureAM, a wholly owned subsidiary of Procure Holdings, LLC, today announces results of its semi-annual rebalance and reconstitution for the Procure Space ETF (NASDAQ:UFO) ― the world's first exchange-traded fund (ETF) to offer pure-play exposure to the global space economy.The following companies have been added to the fund's portfolio, effective as of Dec. 20, 2021.Arqit Quantum (ARQQ): A cybersecurity company, Arqit Quantum plans to supply quantum encryption services via satellite to secure networked devices (on Earth) against sophisticated cyber threats.Astra Space (ASTR): Astra Spa
Decision comes as Pentagon releases monumental "UAP" report to CongressLEVITTOWN, PA / ACCESSWIRE / June 29, 2021 / ProcureAM, a wholly owned subsidiary of Procure Holdings, LLC, has added an unidentified aerial phenomena "UAP" risk disclosure to the Procure Space ETF (NASDAQ:UFO) prospectus. This announcement comes after top U.S. intelligence and military officials released an unclassified report addressing numerous sightings of unexplainable objects.The report, a stipulation of the coronavirus-relief package passed in December 2020, was mandated by Congress amid increasing confirmed footage purporting to show UAPs."UFOs, once a figment of science fiction, have now captured mainstream atten
Virtual ceremony to celebrate The Procure Space ETF (UFO)LEVITTOWN, PA / ACCESSWIRE / April 12, 2021 / ProcureAM, an innovative exchange-traded product (ETP) issuer, will ring the Nasdaq Closing Bell today in honor of The Procure Space ETF (NASDAQ:UFO), the world's first global, pure-play space exchange-traded fund (ETF).Brought to market nearly two years ago, UFO offers investors exposure to the multibillion-dollar global space economy. The fund recently surpassed $100 million in assets under management, spotlighting the growing investor interest in the space industry."Investment appetite for the space sector has never been stronger," said Andrew Chanin, Co-Founder and CEO of ProcureAM. "In
Pivotal milestone achieved as investor interest in the commercial space industry heats up LEVITTOWN, PA / ACCESSWIRE / February 8, 2021 / The Procure Space ETF (Nasdaq:UFO), the inaugural fund launched by innovative exchange-traded product (ETP) issuer ProcureAM, has eclipsed $100 million in assets under management (AUM) less than two years after its debut. Brought to market in April 2019, UFO is the world's first exchange-traded fund (ETF) to offer investors pure-play exposure to the multibillion-dollar global space economy. The fund tracks (before fees and expenses) the S-Network Space Index, which focuses on companies that are significantly involved in space-related activities. "The co
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
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
Garmin Ltd. (NYSE:GRMN) shares are trading higher on Wednesday. Garmin has announced a partnership with Arctic Cat Inc., a Textron Inc. (NYSE:TXT) subsidiary renowned in snowmobiles and powersports, to integrate the Arctic Cat G8 display powered by Garmin into select 2025 snowmobile models. Garmin and Arctic Cat continue their collaboration with the Arctic Cat G8, marking their latest joint effort in display technology for snowmobiles and off-road vehicles, extending their partnership from install kits introduced as early as 2021. According to Benzinga Pro, GRMN stock has gained over 64% in the past year. Investors can gain exposure to the stock via Global X Internet Of Things ETF (
On Wednesday, Planet Labs (NYSE:PL) announced a reduction in workforce affecting approximately 17% of its employees. In an exchange filing, the company announced it would reduce its global workforce by about 180, constituting approximately 17% of its workforce before the cuts. This decision aligns with the company’s strategy to realign resources with market opportunities, enhance operational efficiency, and foster long-term growth and profitability. Due to the workforce reduction, the company expects to incur non-recurring charges totaling approximately $9.5 million to $10.5 million before taxes. These charges include severance and other termination benefits. The company anticipa
Amazon founder Jeff Bezos-owned Blue Origin last week filed a public comment on the Federal Aviation Administration’s plan to evaluate the environmental impact of granting commercial license to Elon Musk-owned SpaceX’s Starship at Kennedy Space Center (KSC), Florida, urging upon the federal agency to set limits on the number of launches. This did not go down well with the Tesla CEO. What Happened: As the FAA works on preparing an Environmental Impact Statement (EIS) of SpaceX launches from the base, Blue Origin presented seven considerations for the agency. These include capping the rate of Starship-SuperHeavy (Ss-SH) launch, landing and other operations as well as limiting its operations
AST SpaceMobile, Inc (NASDAQ:ASTS) stock was somewhat volatile on Wednesday for no specific reasons. AST SpaceMobile tapped telecom industry veteran Johan Wibergh to its board, effective June 3. Wibergh has over 35 years of experience in telecommunications, including leadership positions at Vodafone and Ericsson. Also Read: SpaceX’s Starship Cleared For 4th Liftoff: FAA Greenlights June 6 Test Launch Wibergh will also serve as chairman of AST SpaceMobile’s newly formed Network Planning and Spectrum Committee of its board. On May 29, Verizon Communications collaborated with AST SpaceMobile to provide Verizon customers with direct-to-cellular AST SpaceMobile service. Also, in Ma
AST SpaceMobile Inc (NASDAQ:ASTS) shares are trading higher after the company announced a partnership with Verizon Communications Inc (NYSE:VZ) to provide Verizon customers with direct-to-cellular AST SpaceMobile service when needed. The deal involves a commitment of $100 million from Verizon, including $65 million of commercial prepayments, $45 million of which are subject to earnout, and $35 million of convertible notes. “This new partnership with Verizon will enable AST SpaceMobile to target 100% coverage of the continental United States on premium 850 MHz spectrum with two major U.S. mobile operators in the most valuable wireless market in the world, a transformational commercial
Garmin Ltd. (NYSE:GRMN) shares are trading lower after BofA Securities analyst Ronald J. Epstein downgraded the stock to Underperform from Neutral and cut the price target from $165 to $150. The analyst writes that in the first quarter, Garmin demonstrated the strength of its brand and the resiliency of its customers and witnessed growth across segments. However, the analyst worries that the momentum is decelerating, implying that the current valuation is unsustainable. Epstein says that the company’s AutoOEM segment continues to ramp production and remains on track to hit the $800 million revenue target in 2025. The analyst expects the segment to reach breakeven in 4Q24 and sees
Trimble Inc (NASDAQ:TRMB) reported a fiscal first-quarter 2024 revenue growth of 4% to $953.30 million, beating the consensus of $912.53 million. Revenue growth was flat Y/Y on an organic basis. The adjusted EPS of $0.64 beat the consensus of $0.62. The stock price gained after the results in the premarket session, only to fall after the market opened. Annualized recurring revenue was $2.03 billion, up 23% Y/Y on an organic basis. Product revenue declined 15.5% Y/Y to $367.1 million. Subscription and services grew by 21.9% Y/Y to $586.2 million. The adjusted gross margin expanded by 160 bps to 65.8%. Trimble held $255.1 million in cash and equivalents as of the first quarter
Garmin Ltd (NYSE:GRMN) reported fiscal first-quarter 2024 revenue growth of 20% year-on-year to $1.38 billion, beating the consensus of $1.25 billion. The GPS navigation and wearable technology company's proforma EPS of $1.42 beat the consensus of $1.01. Segments: Revenue from Fitness grew by 40% year over year to $342.89 million, with growth across all categories led by strong demand for advanced wearables. Outdoor revenue improved by 11% year over year to $366.19 million, primarily due to growth in wearables. Aviation revenue grew by 2% year over year to $216.86 million, primarily due to growth in OEM product categories. Marine revenue increased by 17% Y/Y to $326.74 million
Sirius XM Holdings Inc (NASDAQ: SIRI) reported a fiscal first-quarter 2024 revenue growth of 1% year-on-year to $2.16 billion, beating the consensus of $2.13 billion. Adjusted EPS of 7 cents was in-line with the consensus. Subscriber revenue was $1.68 billion in the quarter, versus $1.69 billion a year ago. Advertising revenue grew by 7.2% Y/Y to $402 million. For the year, SiriusXM self-pay subscribers decreased by 457,000 to 31.6 million total subscribers, a (1)% decline Y/Y. The self-pay monthly churn remained at 1.7% for the first quarter of 2024, up from 1.6% in the first quarter of 2023, with the bulk of the increase attributable to vehicle-related churn. SiriusXM self-pa
Space is critical to the security of the United States. The US military and intelligence services rely heavily on the functioning of a vast fleet of satellites that orbit the Earth. Without the constant stream of communications the satellites facilitate, the photographs they take, or the targeting data they deliver, the functioning of the military would be crippled and the security of the US compromised. As John F. Plumb, assistant secretary of defense for space policy, puts it, “For the Department of Defense space is essential to how we compete and fight in every domain. It provides us with a missile warning and missile tracking critical to defending our homeland. It provides position na