REX Drone ETF (NASDAQ:DRNZ) Short Interest Down 87.1% in June

REX Drone ETF (NASDAQ:DRNZ) was the target of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 111,874 shares, a decline of 87.1% from the May 31st total of 865,415 shares. Based on an average daily volume of 203,285 shares, the short-interest ratio is currently 0.6 days. Approximately 3.3% of the shares of the company are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in REX Drone ETF stock. Jane Street Group LLC bought a new stake in REX Drone ETF (NASDAQ:DRNZ) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 36,800 shares of the ETF’s stock, valued at approximately $801,000. Jane Street Group LLC owned about 1.71% of REX Drone ETF at the end of the most recent reporting period.

REX Drone ETF Trading Up 0.6%

DRNZ stock traded up $0.13 during mid-day trading on Friday, reaching $20.92. 87,598 shares of the stock traded hands, compared to its average volume of 162,721. REX Drone ETF has a one year low of $18.00 and a one year high of $30.12. The business has a 50-day moving average price of $25.17 and a two-hundred day moving average price of $24.50.

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.