Procure Space Etf Profile
| UFO Etf | USD 24.54 0.00 0.00% |
Performance13 of 100
| Odds Of DistressLess than 9
|
Procure Space is selling at 24.54 as of the 1st of February 2025; that is No Change since the beginning of the trading day. The etf's open price was 24.5415. Procure Space has less than a 9 % chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. The performance scores are derived for the period starting the 2nd of January 2025 and ending today, the 1st of February 2025. Click here to learn more.
The fund invests, under normal circumstances, at least 80 percent of its net assets in companies of the underlying index that receive at least 50 percent of their revenues or profits from space-related businesses. Procure Space is traded on NYSEARCA Exchange in the United States. More on Procure Space ETF
Moving together with Procure Etf
Procure Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Theme ETFs, Strategy ETFs, Industrials, Procure ETF Trust II (View all Sectors) |
| Issuer | ProcureAM |
| Inception Date | 2019-04-11 |
| Benchmark | S-Network Space Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 56.94 Million |
| Asset Type | Equity |
| Category | Strategy |
| Focus | Theme |
| Market Concentration | Developed Markets |
| Region | Global |
| Administrator | U.S. Bancorp Fund Services, LLC |
| Advisor | ProcureAM, LLC |
| Custodian | U.S. Bancorp Fund Services, LLC |
| Distributor | Quasar Distributors, LLC |
| Portfolio Manager | Dustin Lewellyn, Ernesto Tong, Anand Desai |
| Transfer Agent | U.S. Bank, N.A. |
| Fiscal Year End | 31-Jul |
| Exchange | NASDAQ |
| Number of Constituents | 34.0 |
| Market Maker | Virtu Financial |
| Total Expense | 0.82 |
| Management Fee | 0.75 |
| Country Name | USA |
| Returns Y T D | 4.65 |
| Name | Procure Space ETF |
| Currency Code | USD |
| Open Figi | BBG00NTYH0S4 |
| In Threey Volatility | 30.26 |
| 1y Volatility | 35.18 |
| 200 Day M A | 18.9655 |
| 50 Day M A | 23.2419 |
| Code | UFO |
| Updated At | 31st of January 2025 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (0.1) |
Procure Space ETF [UFO] is traded in USA and was established 2019-04-10. The fund is classified under Industrials category within Procure ETF Trust II family. The entity is thematically classified as Theme ETFs. Procure Space ETF at this time have 52.86 M in net assets. , while the total return for the last 3 years was 3.0%.
Check Procure Space Probability Of Bankruptcy
Geographic Allocation (%)
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Procure Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Procure Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Procure Space ETF Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Procure Space ETF Currency Exposure
Procure Space ETF holds assets that are exposed to currency risk. As an investor, you have to ensure that the increase in value or dividend from foreign constituents of Procure Space will not be offset by an unfavorable exchange rate and will not cancel out the return on assets from different countries. In other words, assess how much of your investment depends on the development of foreign currencies before you invest in Procure Space ETF.
Top Procure Space ETF Etf Constituents
| DISH | DISH Network | Stock | Communication Services | |
| GILT | Gilat Satellite Networks | Stock | Information Technology | |
| GRMN | Garmin | Stock | Consumer Discretionary | |
| GSAT | Globalstar | Stock | Communication Services | |
| IRDM | Iridium Communications | Stock | Communication Services | |
| MAXR | Maxar Technologies | Stock | Industrials | |
| RKLB | Rocket Lab USA | Stock | Industrials | |
| SATS | EchoStar | Stock | Information Technology |
Procure Space ETF Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Procure Space. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | 0.1594 | |||
| Jensen Alpha | 0.3637 | |||
| Total Risk Alpha | 0.1603 | |||
| Sortino Ratio | 0.1651 |
Procure Space Against Markets
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Procure Space ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in census. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
The market value of Procure Space ETF is measured differently than its book value, which is the value of Procure that is recorded on the company's balance sheet. Investors also form their own opinion of Procure Space's value that differs from its market value or its book value, called intrinsic value, which is Procure Space's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Procure Space's market value can be influenced by many factors that don't directly affect Procure Space's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Procure Space's value and its price as these two are different measures arrived at by different means. Investors typically determine if Procure Space is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Procure Space's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.