REX Drone ETF (NASDAQ:DRNZ – Get Free Report) was the target of a significant drop in short interest in June. As of June 15th, there was short interest totaling 111,874 shares, a drop of 87.1% from the May 31st total of 865,415 shares. Approximately 3.3% of the company’s stock are sold short. Based on an average trading volume of 203,285 shares, the days-to-cover ratio is currently 0.6 days.
Institutional Inflows and Outflows
An institutional investor recently bought a new stake in REX Drone ETF stock. Nwam LLC purchased a new position in REX Drone ETF (NASDAQ:DRNZ – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 38,450 shares of the ETF’s stock, valued at approximately $837,000. Nwam LLC owned 1.79% of REX Drone ETF at the end of the most recent quarter.
REX Drone ETF Stock Performance
DRNZ stock traded up $0.13 during midday trading on Friday, reaching $20.92. The stock had a trading volume of 87,598 shares, compared to its average volume of 162,721. The firm has a fifty day simple moving average of $25.17 and a two-hundred day simple moving average of $24.50. REX Drone ETF has a 52-week low of $18.00 and a 52-week high of $30.12.
REX Drone ETF (NASDAQ: DRNZ) is an exchange-traded fund designed to provide investors with targeted exposure to companies participating in the drone and unmanned aerial systems (UAS) ecosystem. The fund focuses on businesses whose primary activities support the design, manufacture, operation, enabling technologies or services for aerial uncrewed systems. As a thematic ETF, DRNZ aims to concentrate holdings in a specific industry segment rather than track broad-market benchmarks.
Holdings in the fund typically reflect a cross-section of the drone value chain, including manufacturers of airframes and propulsion systems, developers of autonomy and navigation software, suppliers of sensors and communications equipment, and companies providing operational services such as commercial drone operations, mapping, inspection and logistics.
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