REX Drone ETF (NASDAQ:DRNZ) Short Interest Update

by · The Cerbat Gem

REX Drone ETF (NASDAQ:DRNZ – Get Free Report) was the recipient of a significant drop in short interest in May. As of May 15th, there was short interest totaling 94,177 shares, a drop of 46.8% from the April 30th total of 177,172 shares. Currently, 2.8% of the shares of the stock are short sold. Based on an average trading volume of 96,989 shares, the days-to-cover ratio is presently 1.0 days.

REX Drone ETF Trading Down 2.4%

Shares of DRNZ stock traded down $0.71 during trading hours on Monday, hitting $28.64. 290,181 shares of the company’s stock were exchanged, compared to its average volume of 161,418. REX Drone ETF has a 12-month low of $18.00 and a 12-month high of $30.12. The business’s 50 day simple moving average is $25.35 and its 200-day simple moving average is $24.39.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in REX Drone ETF stock. Jane Street Group LLC bought a new position in REX Drone ETF (NASDAQ:DRNZ – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 36,800 shares of the ETF’s stock, valued at approximately $801,000. Jane Street Group LLC owned about 1.71% of REX Drone ETF as of its most recent filing with the Securities & Exchange Commission.

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.

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