7-Aug-2026
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SpaceX selloff puts these ETFs in focus
Seeking Alpha News (Wed, 5-Aug 10:04 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 August 7, 2026, UFO stock price climbed to $48.13 with 233,826 million shares trading.
UFO has a beta of 1.86, meaning it tends to be more sensitive to market movements. UFO has a correlation of 0.29 to the broad based SPY ETF.
UFO has a market cap of $629.30 million. This is considered a Small Cap stock.
In the last 3 years, UFO traded as high as $68.21 and as low as $15.06.
UFO has outperformed the market in the last year with a price return of +55.7% while the SPY ETF gained +23.4%. However, in the short term, UFO had mixed performance relative to the market. It has underperformed in the last 3 months, returning -8.6% vs +5.6% return in SPY. But in the last 2 weeks, UFO shares have fared better than the market returning +10.1% compared to SPY +4.8%.
UFO support price is $45.55 and resistance is $47.65 (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 shares will trade within this expected range on the day.