Defiance Drone & Modern Warfare ETF (NASDAQ:JEDI) Stock Price Down 3.6% – Here’s What Happened

Defiance Drone & Modern Warfare ETF (NASDAQ:JEDI)’s share price fell 3.6% during mid-day trading on Friday . The stock traded as low as $25.46 and last traded at $25.56. 197,079 shares changed hands during mid-day trading, an increase of 13% from the average session volume of 174,073 shares. The stock had previously closed at $26.51.

Defiance Drone & Modern Warfare ETF Price Performance

The company has a fifty day moving average price of $31.29 and a two-hundred day moving average price of $28.21.

Institutional Trading of Defiance Drone & Modern Warfare ETF

A hedge fund recently bought a new position in Defiance Drone & Modern Warfare ETF stock. Williams Jones Wealth Management LLC. acquired a new stake in Defiance Drone & Modern Warfare ETF (NASDAQ:JEDI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 153,250 shares of the ETF’s stock, valued at approximately $3,719,000. Williams Jones Wealth Management LLC. owned 7.48% of Defiance Drone & Modern Warfare ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Defiance Drone & Modern Warfare ETF (NASDAQ: JEDI) is a U.S.-listed exchange-traded fund issued by Defiance ETFs that provides investors with targeted exposure to companies involved in unmanned aerial systems, defense technologies and related modern warfare capabilities. The fund is positioned as a thematic vehicle, connecting investors to businesses that design, manufacture, or support drones, autonomous systems, sensors, command-and-control platforms, and other advanced military and security technologies.

Holdings typically span parts of the defense and aerospace supply chains as well as civilian companies that develop dual-use technologies (such as advanced electronics, artificial intelligence, robotics, and cybersecurity) that can be applied to modern military operations.