🔴 Space ETF (UFO) is trading 3.14% down as Brent above $100 and yields pressure equities

UFO is trading at $42.94, down 3.14%, as higher Treasury yields and Brent crude above $100 pressured equities ahead of the Fed minutes.

• Renewed concerns about Iranian attacks on tankers in the Strait of Hormuz added supply-risk and inflation worries.
• The broader market was lower, weighing on UFO’s space-related holdings. SpaceX, the fund’s largest holding, represents 16.84%.