REX Drone ETF (NASDAQ:DRNZ – Get Free Report) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 203,553 shares, a growth of 81.9% from the June 15th total of 111,874 shares. Currently, 4.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 211,944 shares, the short-interest ratio is currently 1.0 days.
REX Drone ETF Stock Down 1.0%
Shares of DRNZ traded down $0.21 during mid-day trading on Friday, hitting $20.08. 111,859 shares of the stock were exchanged, compared to its average volume of 168,115. The firm has a 50-day moving average of $23.83 and a two-hundred day moving average of $24.81. REX Drone ETF has a 52-week low of $18.00 and a 52-week high of $30.12.
Institutional Trading of REX Drone ETF
A hedge fund recently bought a new position in REX Drone ETF stock. Jane Street Group LLC bought a new stake in REX Drone ETF (NASDAQ:DRNZ – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 36,800 shares of the ETF’s stock, valued at approximately $801,000. Jane Street Group LLC owned 1.71% of REX Drone ETF at the end of the most recent quarter.
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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