Some Drone ETFs Are Soaring. Here’s What to Know

Drones soar, but so do investors’ hopes to capitalize on them. Last month, REX Shares launched its Drone ETF (DRNZ), which allocates 80% of its portfolio to companies that profit off drones or or unmanned aerial vehicles (UAVs). The launch came just a month after Defiance brought its Drone & Modern Warfare ETF (JEDI) to market, which tracks an index of military technology companies and is concentrated in aerospace defense. The launches signal growing issuer interest in capturing upside from a booming aero ...