🔴 Space ETF (SPXE.TO) is trading 3% down as 319 million SpaceX shares become eligible

SPXE.TO is trading at CA$9.00 (-3.02%) as SpaceX lockup-related selling pressure is likely returning after the initial August 6 release.

• Another 319 million shares are scheduled to become eligible on August 12.
• The ETF remains highly concentrated in SpaceX, while covered-call exposure can amplify sensitivity to movements in the underlying shares.
• Broader risk sentiment is cautious as oil rises amid U.S.-Iran tensions and uncertainty over the Strait of Hormuz.