Defiance Drone & Modern Warfare ETF (NASDAQ:JEDI) Stock Price Down 0.5% – Here’s Why

Defiance Drone & Modern Warfare ETF (NASDAQ:JEDI) was down 0.5% during mid-day trading on Wednesday . The stock traded as low as $26.51 and last traded at $26.85. Approximately 172,918 shares traded hands during mid-day trading, a decline of 9% from the average daily volume of 189,447 shares. The stock had previously closed at $26.98.

Defiance Drone & Modern Warfare ETF Stock Down 4.7%

The business has a 50 day moving average of $26.99 and a 200-day moving average of $28.48.

Institutional Trading of Defiance Drone & Modern Warfare ETF

An institutional investor recently bought a new position in Defiance Drone & Modern Warfare ETF stock. Worth Asset Management LLC acquired a new stake in Defiance Drone & Modern Warfare ETF (NASDAQ:JEDI) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,935 shares of the ETF’s stock, valued at approximately $201,000. Worth Asset Management LLC owned about 0.13% of Defiance Drone & Modern Warfare ETF at the end of the most recent reporting period.

Defiance Drone & Modern Warfare ETF (NASDAQ: JEDI) is a U.S.-listed exchange-traded fund issued by Defiance ETFs that provides investors with targeted exposure to companies involved in unmanned aerial systems, defense technologies and related modern warfare capabilities. The fund is positioned as a thematic vehicle, connecting investors to businesses that design, manufacture, or support drones, autonomous systems, sensors, command-and-control platforms, and other advanced military and security technologies.

Holdings typically span parts of the defense and aerospace supply chains as well as civilian companies that develop dual-use technologies (such as advanced electronics, artificial intelligence, robotics, and cybersecurity) that can be applied to modern military operations.