REX Drone ETF (NASDAQ:DRNZ) Short Interest Update

REX Drone ETF (NASDAQ:DRNZ) saw a significant increase in short interest in May. As of May 29th, there was short interest totaling 865,415 shares, an increase of 818.9% from the May 14th total of 94,177 shares. Approximately 25.8% of the company’s stock are sold short. Based on an average trading volume of 266,265 shares, the short-interest ratio is currently 3.3 days.

REX Drone ETF Price Performance

NASDAQ:DRNZ opened at $24.64 on Wednesday. The firm has a 50-day moving average of $25.49 and a 200-day moving average of $24.50. REX Drone ETF has a one year low of $18.00 and a one year high of $30.12.

Institutional Investors Weigh In On REX Drone ETF

An institutional investor recently bought a new position in REX Drone ETF stock. Jane Street Group LLC acquired a new position in REX Drone ETF (NASDAQ:DRNZ) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 36,800 shares of the ETF’s stock, valued at approximately $801,000. Jane Street Group LLC owned approximately 1.71% of REX Drone ETF as of its most recent filing with the Securities and 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.