Investors Eye Archer Aviation (ACHR) Through ETFs Ahead of Q3 Earnings
Archer Aviation (ACHR), the electric vertical takeoff and landing (eVTOL) startup, is poised to report its Q3 earnings on November 6. High-profile partnerships and patent acquisitions have spotlighted its long-term potential, making it an intriguing prospect for investors seeking exposure to the aerospace innovation sector.
For those wary of direct stock ownership, ETFs like the ARK Space Exploration & Innovation ETF (ARKX) and the SPDR S&P Aerospace & Defense ETF (XAR) offer diversified exposure. ARKX, with $531.06 million in assets under management, allocates 5.76% of its holdings to ACHR, alongside other innovators like Rocket Lab and AeroVironment. The fund's 0.75% expense ratio reflects its active management strategy.
Market participants are increasingly turning to thematic ETFs to mitigate single-stock volatility while capitalizing on sector growth. Archer’s upcoming earnings report could serve as a catalyst for broader interest in aerospace and defense ETFs.