REX Drone ETF (NASDAQ:DRNZ – Get Free Report) was the recipient of a large 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. Based on an average daily trading volume, of 211,944 shares, the short-interest ratio is currently 1.0 days. Currently, 4.2% of the shares of the stock are sold short.
REX Drone ETF Price Performance
Shares of NASDAQ DRNZ opened at $20.08 on Friday. The firm has a fifty day moving average of $23.83 and a 200 day moving average of $24.83. REX Drone ETF has a one year low of $18.00 and a one year high of $30.12.
Institutional Trading of REX Drone ETF
An institutional investor recently bought a new stake in REX Drone ETF stock. Jane Street Group LLC purchased a new position in shares of REX Drone ETF (NASDAQ:DRNZ – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 36,800 shares of the ETF’s stock, valued at approximately $801,000. Jane Street Group LLC owned about 1.71% of REX Drone ETF as of its most recent SEC filing.
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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