REX Drone ETF (NASDAQ:DRNZ) Short Interest Update

REX Drone ETF (NASDAQ:DRNZ) was the target of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 111,874 shares, a decline of 87.1% from the May 31st total of 865,415 shares. Approximately 3.3% of the shares of the company are sold short. Based on an average daily trading volume, of 203,285 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in REX Drone ETF stock. Nwam LLC purchased a new stake in shares of REX Drone ETF (NASDAQ:DRNZ) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 38,450 shares of the ETF’s stock, valued at approximately $837,000. Nwam LLC owned 1.79% of REX Drone ETF as of its most recent SEC filing.

REX Drone ETF Stock Performance

Shares of DRNZ stock traded up $0.06 on Friday, reaching $20.85. The stock had a trading volume of 126,568 shares, compared to its average volume of 163,099. REX Drone ETF has a 1 year low of $18.00 and a 1 year high of $30.12. The company has a 50 day simple moving average of $25.07 and a 200 day simple moving average of $24.49.

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.