Defiance Drone & Modern Warfare ETF (NASDAQ:JEDI) Stock Falls 1.3% – Here’s What Happened

Shares of Defiance Drone & Modern Warfare ETF (NASDAQ:JEDI) dropped 1.3% during mid-day trading on Friday. The stock traded as low as $23.19 and last traded at $23.50. Approximately 95,336 shares were traded during mid-day trading, a decline of 47% from the average session volume of 178,375 shares. The stock had previously closed at $23.80.

Defiance Drone & Modern Warfare ETF Stock Down 1.3%

The business has a 50 day moving average price of $26.71 and a 200 day moving average price of $28.24.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Defiance Drone & Modern Warfare ETF stock. Worth Asset Management LLC acquired a new position in shares of Defiance Drone & Modern Warfare ETF (NASDAQ:JEDI) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 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 a business or selling products directly, the fund provides investors with a portfolio-based way to gain exposure to companies involved in drone technology and the broader modern-warfare ecosystem.

The fund focuses on businesses associated with areas such as unmanned aerial systems, autonomous technologies, robotics, artificial intelligence, defense electronics, cybersecurity and other technologies used in contemporary military and security applications.