Defiance Drone & Modern Warfare ETF (NASDAQ:JEDI) Shares Down 3.6% – Should You Sell?

Defiance Drone & Modern Warfare ETF (NASDAQ:JEDI)’s stock price traded down 3.6% during trading on Friday . The company traded as low as $25.46 and last traded at $25.56. Approximately 197,079 shares traded hands during mid-day trading, an increase of 13% from the average daily volume of 174,073 shares. The stock had previously closed at $26.51.

Defiance Drone & Modern Warfare ETF Stock Performance

The firm has a fifty day moving average price of $31.29 and a two-hundred day moving average price of $28.21.

Hedge Funds Weigh In On Defiance Drone & Modern Warfare ETF

An institutional investor recently bought a new position in Defiance Drone & Modern Warfare ETF stock. Worth Asset Management LLC purchased a new position in shares of Defiance Drone & Modern Warfare ETF (NASDAQ:JEDI) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 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 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.