The Procure Space ETF (UFO) blasted off last week to almost 280,000 shares, bringing their trading from $105,000 to $5.8 million in just one day. The astonishing growth comes as Apple (AAPL) unveiled the launch of the new iPhone 14 which comes with a new feature for space lovers. The new phone will allow owners to connect the Emergency SOS feature to a satellite when service is unavailable.
ETF Newz Says:
The rapid growth settled after the first day but the volume of trading was explosive.