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ProcureAM Celebrates Earth Day with Expense Reduction on Natural Disaster Recovery ETF
ACCESSWIRE (Thu, 18-Apr 10:36 AM ET)
The Procure Space ETF (UFO) is comprised of a portfolio of companies involved in space related industries. UFO is an exchange traded fund (ETF) that seeks investment results that correspond generally to the performance, before fund fees and expenses, of the S-Network Space Index* (SPACE). Although there is no legal definition of "space; a commonly accepted definition is that the edge of space begins at the Karman line which is 100 kilometers (62 miles) above the Earths surface.
Procure Space ETF trades on the ARCA stock market under the symbol UFO.
As of April 25, 2024, UFO stock price declined to $15.22 with 1,950 million shares trading.
UFO has a market cap of $30.82 million. This is considered a Sub-Micro Cap stock.
In the last 3 years, UFO stock traded as high as $32.15 and as low as $15.06.
UFO has underperformed the market in the last year with a price return of -17.4% while the SPY ETF gained +22.9%. UFO has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -11.0% and -4.7%, respectively, while the SPY returned +3.5% and -2.6%, respectively.
UFO support price is $15.23 and resistance is $15.71 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that UFO stock will trade within this expected range on the day.