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UFO - AI Analysis
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Procure Space ETF (UFO)
Rating:57Neutral
Price Target:
$40.00
Positive Factors
Strong Year-to-Date Performance
The ETF has shown solid gains year-to-date, indicating strong overall momentum.
Sector Diversification
The fund is spread across three major sectors—industrials, technology, and communication services—helping to balance risks.
Global Exposure
While primarily focused on the U.S., the ETF includes holdings from several other countries, adding some international diversification.
Negative Factors
High Expense Ratio
The ETF charges a relatively high fee compared to many other funds, which could eat into returns over time.
Concentration in Top Holdings
The largest positions, such as AST SpaceMobile, make up a significant portion of the portfolio, increasing single-stock risk.
Mixed Holding Performance
Some top holdings, like MDA Space Ltd and Garmin, have shown weaker year-to-date performance, potentially dragging on overall returns.
UFO vs. SPDR S&P 500 ETF (SPY)
AUM152.48M
RegionGlobal
Expense Ratio0.94%
Beta1.15
IssuerProcure
Inception DateApr 11, 2019
Dividend Yield1.31%
Asset ClassEquity
Index TrackedS-Network Space Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume154,568
30 Day Avg. Volume120,114
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
44.77Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering47
UFO Summary
The Procure Space ETF (UFO) is a fund that lets investors tap into the exciting and growing space industry. It follows the S-Network Space Index and includes companies involved in satellite technology, space exploration, and advanced space-based innovations. Some of its well-known holdings include Rocket Lab USA and Garmin. This ETF could be a good choice for investors looking to diversify their portfolio with a focus on cutting-edge technology and the future of space exploration. However, new investors should be aware that the ETF’s performance can be heavily influenced by the space sector, which is still developing and can be volatile.
How much will it cost me?The Procure Space ETF (UFO) has an expense ratio of 0.94%, meaning you’ll pay $9.40 per year for every $1,000 invested. This is higher than average because UFO is actively managed to focus on a niche theme—space exploration and technology—requiring specialized research and portfolio management.
What would affect this ETF?The Procure Space ETF (UFO) could benefit from increased global investment in satellite technology and space exploration, driven by advancements in communication services and industrial innovation. However, potential risks include regulatory changes, geopolitical tensions affecting global cooperation in space, and economic slowdowns that might reduce funding for space-related projects.
UFO Top 10 Holdings
The Procure Space ETF (UFO) is firmly anchored in the space sector, with a heavy tilt toward industrials and technology companies driving innovation in satellite and spacecraft development. AST SpaceMobile and Rocket Lab are rising stars, showing steady momentum thanks to strategic partnerships and revenue growth, though profitability challenges linger. ViaSat adds a touch of optimism with bullish momentum, while MDA Space Ltd is lagging slightly, struggling to gain traction. With a global mix of holdings, the fund is a bet on the future of space exploration, though some names are still finding their orbit.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| AST SpaceMobile | 8.16% | $12.44M | $26.79B | 197.23% | 54 Neutral | |
| Rocket Lab USA | 5.66% | $8.63M | $31.24B | 482.77% | 55 Neutral | |
| Planet Labs PBC | 5.62% | $8.58M | $4.19B | 463.98% | 58 Neutral | |
| ViaSat | 5.07% | $7.73M | $5.12B | 278.80% | 56 Neutral | |
| MDA Space Ltd | 4.77% | $7.27M | C$4.44B | 65.34% | 73 Outperform | |
| SES S.A. | 4.71% | $7.18M | €2.75B | 68.74% | 61 Neutral | |
| Garmin | 4.41% | $6.72M | $48.21B | 51.19% | 82 Outperform | |
| Trimble | 4.17% | $6.36M | $19.38B | 32.22% | 68 Neutral | |
| Globalstar | 4.15% | $6.33M | $5.73B | 158.36% | 58 Neutral | |
| Echostar | 4.09% | $6.23M | $21.33B | 196.59% | 51 Neutral |
UFO Technical Analysis
Positive
―
Price Trends
35.70
Positive
32.45
Positive
27.86
Positive
Market Momentum
0.69
Positive
52.55
Neutral
42.67
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For UFO, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 38.65, equal to the 50-day MA of 35.70, and equal to the 200-day MA of 27.86, indicating a neutral trend. The MACD of 0.69 indicates Positive momentum. The RSI at 52.55 is Neutral, neither overbought nor oversold. The STOCH value of 42.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for UFO.
UFO Peer Comparison
Comparison Results
Performance Comparison
UFO
Procure Space ETF
38.02
19.01
100.00%
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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