REX Drone ETF (NASDAQ:DRNZ) Sees Significant Drop in Short Interest

REX Drone ETF (NASDAQ:DRNZ) was the recipient of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 131,987 shares, a decline of 62.4% from the August 31st total of 350,714 shares. Based on an average daily volume of 92,000 shares, the days-to-cover ratio is currently 1.4 days. Approximately 2.3% of the shares of the company are sold short.

Institutional Trading of REX Drone ETF

An institutional investor recently bought a new stake in REX Drone ETF stock. Box Hill Private Wealth LLC bought a new stake in REX Drone ETF (NASDAQ:DRNZ) during the second quarter, according to its most recent filing with the SEC. The firm bought 13,506 shares of the ETF’s stock, valued at approximately $299,000. Box Hill Private Wealth LLC owned about 0.25% of REX Drone ETF at the end of the most recent quarter.

REX Drone ETF Stock Down 1.0%

REX Drone ETF stock traded down $0.20 during trading hours on Friday, reaching $20.55. 55,228 shares of the company were exchanged, compared to its average volume of 152,838. REX Drone ETF has a 12 month low of $18.00 and a 12 month high of $30.12. The stock has a 50-day moving average of $21.54 and a 200 day moving average of $23.62.

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.