REX Drone ETF (NASDAQ:DRNZ) Short Interest Down 46.8% in May

REX Drone ETF (NASDAQ:DRNZ) was the target of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 94,177 shares, a decrease of 46.8% from the April 30th total of 177,172 shares. Currently, 2.8% of the company’s stock are short sold. Based on an average daily volume of 96,989 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in REX Drone ETF stock. Nwam LLC bought a new position in REX Drone ETF (NASDAQ:DRNZ) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 38,450 shares of the ETF’s stock, valued at approximately $837,000. Nwam LLC owned approximately 1.79% of REX Drone ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

REX Drone ETF Stock Performance

DRNZ remained flat at $28.78 during midday trading on Tuesday. 219,154 shares of the company’s stock were exchanged, compared to its average volume of 164,015. REX Drone ETF has a twelve month low of $18.00 and a twelve month high of $30.12. The company’s 50-day simple moving average is $25.38 and its 200-day simple moving average is $24.42.

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.