Defiance Drone & Modern Warfare ETF (NASDAQ:JEDI) Stock Price Up 6.5% – Here’s Why

Shares of Defiance Drone & Modern Warfare ETF (NASDAQ:JEDI) rose 6.5% on Monday . The company traded as high as $25.59 and last traded at $25.47. Approximately 114,420 shares traded hands during trading, a decline of 32% from the average daily volume of 169,236 shares. The stock had previously closed at $23.91.

Defiance Drone & Modern Warfare ETF Stock Down 1.7%

The stock has a 50 day moving average price of $28.95 and a two-hundred day moving average price of $28.43.

Hedge Funds Weigh In On Defiance Drone & Modern Warfare ETF

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

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.