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The Fund is an actively managed exchange-traded fund that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets (including borrowings for investment purposes) in exchange-traded equity securities of U.S. companies that are led by a female Chief Executive Officer. The Fund expects to be primarily invested in components of the Hypatia Women CEO Index. The Index tracks the performance of exchange-traded equity securities of U.S. companies that have market capitalizations of at least $500 million and are led by a female Chief Executive Officer. The Fund may also invest in exchange-traded equity securities of other U.S. companies of any market capitalization that are led by a female Chief Executive Officer. In addition, the Fund may invest up to 20% of its total assets in exchange-traded equity securities of U.S. companies with an Executive Chairperson or a Chairperson who is female.

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Hypatia Women CEO ETF

Russia,,Kazan,Apr,1,,2020:,Showing,Social,Media,Bumble,App

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BMBL

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FMET

RVER

WCEO

Bumble&#39;s stock fell 30% after missing revenue expectations, highlighting its struggles in the competitive dating app market. AI may be incorporated.

Bumble Stumbles On &#39;Ability To Achieve Wider Industry Growth&#39;: Analyst

Business,Partnership,Meeting,Concept.,Image,Businessmans,Handshake.,Successful,Businessmen,Handshaking

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ALLETE to be acquired by CPP Investments and GIP for $6.2 billion. Deal expected to close mid-2025.

Electric Services Company ALLETE Going Green And Private: Details

Bumble Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMBL#NASDAQ">BMBL</a>) plummet last week following a notable <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40259982/magnitude-of-misexecution-at-bumble-comes-as-surprise-analysts-slash-forecasts-foll">miss on revenue</a> underscored the company&#8217;s inability to flourish in the competitive world of dating apps, an analyst said.



Bumble fell 30% after last Wednesday&#8217;s closing bell after the company&#8217;s second-quarter revenue of $268.6 million missed analyst consensus by 1.6% and its forecast for third-quarter revenue of $272 million at the midpoint fell short of consensus by 8.2%, Reuters reported.



&#8220;At current share price levels, we believe BMBL is no longer pricing in any element of either compounded revenue growth, stable/upward trajectory margins and/or an ability to achieve wider industry growth,&#8221; Goldman Sachs analyst Eric Sheridan wrote in a note on Friday.



Read Also: <a href="https://www.benzinga.com/news/23/11/35641406/heres-why-bumbles-founder-and-ceo-whitney-wolfe-herd-is-stepping-down-after-nearly-10-years">Here&#8217;s Why Bumble&#8217;s Founder And CEO Whitney Wolfe Herd Is Stepping Down After Nearly 10 Years</a>



Goldman Sachs still maintained a Buy rating on the stock, which declined 3.93% to close at $5.75 on Monday. In early March 2021, Bumble was trading at just over $70 per share.



Bumble founder Whitney Wolfe Herd, who handed her CEO reins to Lidiane Jones in January, said in May the company is looking at incorporating artificial intelligence into the app to help users find their next mates.



&#8220;If you want to get really out there, there is a world where your dating concierge can date for you with other dating concierge,&#8221; she said during an<a href="https://x.com/buccocapital/status/1788902138858353109"> interview </a>with Bloomberg that drew a hearty laugh.



Bumble told Benzinga on Monday that neither Herd nor Jones were available for requested interviews on the company&#8217;s plans to use AI.



Price Action: Exchange-traded funds that track Bumble also fell on Monday.



<ul>
<li>Trenchless Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RVER#NYSE">RVER</a>) gained 0.35%</li>



<li>Hypatia Women CEO ETF (WCEO) slipped 0.53%</li>



<li>Fidelity Disruptive Communications ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FDCF#NASDAQ">FDCF</a>) went up 0.39%</li>



<li>Fidelity Metaverse ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FMET#NASDAQ">FMET</a>) edged up 0.025%</li>
</ul>



Read Next:



<ul>
<li><a href="https://www.benzinga.com/news/24/05/38774573/tired-of-swiping-left-and-right-bumble-founder-says-ai-could-do-it-for-you-no-no-truly">Tired Of Swiping Left And Right? Bumble Founder Says AI Could Do It For You: &#8216;No. No. Truly&#8217;</a></li>
</ul>



Photo: Shutterstock

Bumble Stumbles On 'Ability To Achieve Wider Industry Growth': Analyst

ALLETE, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALE#NYSE">ALE</a>) inked a deal to be acquired by a partnership led by Canada Pension Plan Investment Board and Global Infrastructure Partners for $6.2 billion,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/05/b38637687/allete-enters-agreement-to-be-acquired-by-a-partnership-led-by-canada-pension-plan-investment-boar" rel="noreferrer noopener">including the assumption of debt</a>.



As per the terms, CPP Investments and GIP will acquire ALLETE for $67.00 per share in cash, representing&nbsp;an premium&nbsp;of around 19.1% to ALLETE&#8217;s closing share price on December 4, 2023, the date&nbsp;prior to&nbsp;a media article reporting that ALLETE was exploring a sale. The consideration also represents a&nbsp;22.1%&nbsp;premium to the 30-day volume weighted average share price&nbsp;prior to&nbsp;that date.



The acquisition,&nbsp;which was&nbsp;unanimously approved by the Board of Directors, is expected to close in mid-2025, subject to customary closing conditions.&nbsp;



Post&nbsp;deal-completion, ALLETE&#8217;s shares will no longer trade on the New York Stock&nbsp;Exchange,&nbsp;and&nbsp;will&nbsp;become a private company.



&#8220;Our &#8216;Sustainability-in-Action&#8217; strategy has secured ALLETE&#8217;s place as a clean-energy leader. Through this transaction with CPP Investments and GIP, we will have access to the capital we need while keeping our customers, communities and co-workers at the forefront of all that we do, with continuity of our day-to-day operations, strategy and shared purpose and values,&#8221; said ALLETE Chair, President, and Chief Executive Officer Bethany Owen.



Bayo Ogunlesi, GIP&#8217;s Chairman and Chief Executive&nbsp;Officer&nbsp;said, &#8220;GIP, alongside CPP Investments, look forward to partnering to provide ALLETE with additional capital so they can continue to decarbonize their business to benefit the customers and communities they serve. Bringing together ALLETE, with its demonstrated commitment to clean energy, with GIP, one of the world&#8217;s premier developers of renewable power, furthers our commitment to serve growing market needs for affordable, carbon-free and more secure sources of energy.&#8221;



In&nbsp;Februrary, ALLETE&nbsp;reported fourth-quarter FY23 EPS&nbsp;of $0.89&nbsp;missing&nbsp;the consensus of&nbsp;$0.97&nbsp;and&nbsp;sales of&nbsp;$402.70&nbsp;million&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/02/b37207600/allete-inc-reports-2023-earnings-of-4-30-per-share-clean-energy-transition-drives-4-3-billion-capi" rel="noreferrer noopener">missed the estimate of $425.30 million</a>.



Investors can gain exposure to the stock via&nbsp;VictoryShares US Small Cap High Div Volatility Wtd ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSB#NASDAQ">CSB</a>) and&nbsp;Affinity World Leaders Equity ETF Hypatia Women CEO ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WCEO#NYSE">WCEO</a>).



Price Action: ALE shares are down 1.27% at $63.46 at the last check Monday.



Image sourced from Shutterstock

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