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Benzinga
Benzinga
Business
Chandrima Sanyal

Verizon-AST SpaceMobile Link-Up Powers A Signal Boost In These 3 ETFs

AST AST SpaceMobile Verizon ETF ASTS AST SpaceMobile Inc Verizon Communications Inc
Businessman,Pointing,At,Etf,(exchange,Traded,Funds).,Investment,Opportunities,In

The stars are aligning for telecom and space ETFs following the signing of a historic agreement between AST SpaceMobile Inc (NASDAQ:ASTS) and Verizon Communications Inc (NYSE:VZ).

Following the sudden rise in the stock Wednesday, several ETFs tracking ASTS, such as Procure Space ETF (NASDAQ:UFO), SPDR S&P Telecom ETF (NYSE:XTL), and iShares U.S. Telecommunications ETF (BATS:IYZ), were in focus. The funds are up 2.5%, 3.13%, and 1.5% Wednesday, at the time of publishing.

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