Launch of REX Drone ETF: REX Shares has introduced the REX Drone ETF (NASDAQ: DRNZ), the first fund focused exclusively on the global drone and UAV economy, targeting both defense and commercial applications.
Investment Strategy: The ETF tracks the VettaFi Drone Index (VDRONE), prioritizing companies that derive at least 50% of their revenue from drone-related activities, while also including diversified aerospace and defense firms with UAV programs.
Market Potential: With projections indicating that the global drone market will more than double in the next decade, DRNZ provides investors a unique opportunity to engage with a rapidly evolving technology sector.
Comparison with Other ETFs: Unlike the Defiance Drone & Modern Warfare ETF (NYSE: JEDI), which has broader exposure to the defense market, DRNZ is a pure play focused solely on the drone industry, reflecting REX's commitment to thematic and alternative ETFs.
Wall Street analysts forecast FEPI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FEPI is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast FEPI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FEPI is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 44.760
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Current: 44.760
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
