Defiance Drone & Modern Warfare ETF (NASDAQ:JEDI) Stock Falls 4.2% – Time to Sell?

Shares of Defiance Drone & Modern Warfare ETF (NASDAQ:JEDI) traded down 4.2% on Monday. The company traded as low as $19.81 and last traded at $19.88. Approximately 66,387 shares traded hands during trading, a decline of 62% from the average session volume of 173,172 shares. The stock had previously closed at $20.75.

Defiance Drone & Modern Warfare ETF Stock Performance

The firm has a 50 day moving average of $23.94 and a 200-day moving average of $27.31.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Defiance Drone & Modern Warfare ETF stock. Worth Asset Management LLC purchased a new stake in Defiance Drone & Modern Warfare ETF (NASDAQ:JEDI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 6,935 shares of the ETF’s stock, valued at approximately $201,000. Worth Asset Management LLC owned 0.13% of Defiance Drone & Modern Warfare ETF at the end of the most recent reporting period.

Defiance Drone & Modern Warfare ETF (NASDAQ:JEDI) is an exchange-traded fund managed by Defiance ETFs. Rather than operating as a conventional company, the fund provides investors with exposure to publicly traded businesses involved in technologies associated with drones and modern warfare.

The ETF’s investment focus may include companies developing unmanned aerial systems, autonomous platforms, robotics, artificial intelligence, cybersecurity, satellite and space technologies, sensors, communications equipment, and other defense-related products and services.