REX Drone ETF (NASDAQ:DRNZ) Short Interest Update

REX Drone ETF (NASDAQ:DRNZ) saw a significant decline in short interest in 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. Currently, 3.3% of the shares of the stock are sold short. Based on an average daily volume of 203,285 shares, the days-to-cover ratio is currently 0.6 days.

REX Drone ETF Trading Up 0.3%

Shares of DRNZ traded up $0.06 during mid-day trading on Friday, reaching $20.85. The company had a trading volume of 126,568 shares, compared to its average volume of 163,099. REX Drone ETF has a twelve month low of $18.00 and a twelve month high of $30.12. The company’s 50-day moving average is $25.07 and its 200-day moving average is $24.51.

Institutional Trading of REX Drone ETF

An institutional investor recently bought a new position in REX Drone ETF stock. Jane Street Group LLC acquired a new position in shares of REX Drone ETF (NASDAQ:DRNZ) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 36,800 shares of the ETF’s stock, valued at approximately $801,000. Jane Street Group LLC owned approximately 1.71% of REX Drone ETF at the end of the most recent reporting period.

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.