REX Drone ETF (NASDAQ:DRNZ) Short Interest Update

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in REX Drone ETF stock. Nwam LLC acquired a new stake in REX Drone ETF (NASDAQ:DRNZ) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 38,450 shares of the ETF’s stock, valued at approximately $837,000. Nwam LLC owned about 1.79% of REX Drone ETF at the end of the most recent reporting period.

REX Drone ETF Price Performance

Shares of NASDAQ:DRNZ opened at $24.64 on Wednesday. The company’s 50 day simple moving average is $25.49 and its 200 day simple moving average is $24.50. REX Drone ETF has a 1 year low of $18.00 and a 1 year high of $30.12.

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.