Defiance Drone & Modern Warfare ETF (NASDAQ:JEDI) Shares Up 4.1% – Here’s What Happened

Defiance Drone & Modern Warfare ETF (NASDAQ:JEDI)’s share price was up 4.1% during trading on Wednesday . The stock traded as high as $38.17 and last traded at $37.98. Approximately 362,983 shares were traded during trading, an increase of 173% from the average daily volume of 132,820 shares. The stock had previously closed at $36.49.

Defiance Drone & Modern Warfare ETF Stock Performance

The company has a 50 day moving average of $28.86 and a 200 day moving average of $26.80.

Institutional Trading of Defiance Drone & Modern Warfare ETF

A hedge fund recently bought a new stake in Defiance Drone & Modern Warfare ETF stock. Williams Jones Wealth Management LLC. acquired a new position in shares of Defiance Drone & Modern Warfare ETF (NASDAQ:JEDI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 153,250 shares of the ETF’s stock, valued at approximately $3,719,000. Williams Jones Wealth Management LLC. owned 7.48% of Defiance Drone & Modern Warfare ETF at the end of the most recent quarter.

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.