REX Drone ETF (NASDAQ:DRNZ) Short Interest Update

REX Drone ETF (NASDAQ:DRNZ) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 203,553 shares, a growth of 81.9% from the June 15th total of 111,874 shares. Based on an average daily volume of 211,944 shares, the days-to-cover ratio is currently 1.0 days. Approximately 4.2% of the shares of the company are short sold.

REX Drone ETF Stock Down 3.5%

REX Drone ETF stock opened at $20.29 on Friday. The company has a fifty day moving average price of $23.93 and a two-hundred day moving average price of $24.81. REX Drone ETF has a 12 month low of $18.00 and a 12 month high of $30.12.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in REX Drone ETF stock. Jane Street Group LLC purchased a new stake in REX Drone ETF (NASDAQ:DRNZ) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 36,800 shares of the ETF’s stock, valued at approximately $801,000. Jane Street Group LLC owned 1.71% of REX Drone ETF as of its most recent filing with the SEC.

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.