other material
confidence high
sentiment neutral
materiality 0.40
U.S. Global launches SEA smart-beta ETF on NYSE; amends Sept 2021 10-Q
U S GLOBAL INVESTORS INC
- U.S. Global Sea to Sky Cargo ETF (SEA) began trading Jan 20, 2022, on NYSE.
- SEA uses smart-beta 2.0 strategy with 70% cargo ships, 30% air freight.
- CEO Frank Holmes notes global cargo carriers earned ~$150B in profits in 2021.
- Company amended Form 10-Q to add advisory fees of $6,470,000 line item.
- Total operating revenues, net income, and EPS unchanged by the amendment.