REX Drone ETF (NASDAQ:DRNZ) Shares Shorted: Short Interest Down 62.4% in September

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

REX Drone ETF Stock Performance

DRNZ stock traded down $0.20 during trading hours on Friday, hitting $20.55. The company’s stock had a trading volume of 55,228 shares, compared to its average volume of 152,838. The stock has a 50 day moving average price of $21.54 and a two-hundred day moving average price of $23.62. REX Drone ETF has a 12 month low of $18.00 and a 12 month high of $30.12.

Hedge Funds Weigh In On REX Drone ETF

An institutional investor recently bought a new position in REX Drone ETF stock. Box Hill Private Wealth LLC purchased a new position in shares of REX Drone ETF (NASDAQ:DRNZ) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 13,506 shares of the ETF’s stock, valued at approximately $299,000. Box Hill Private Wealth LLC owned approximately 0.25% of REX Drone ETF as of its most recent filing with the SEC.

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.