DRNZ (DRNZ)

Ondas Holdings (NASDAQ: ONDS) shares rose over 1% after the company secured a multi-million-dollar contract from Israel to develop next-generation tactical attack drones for the "Digital Bat" program. This strategic win positions Ondas to meet growing demand for affordable autonomous defense technologies, as evidenced by its outperformance in the technology sector despite broader market challenges. Analysts maintain a "Buy" rating for ONDas, with an average price target of $16.67, ahead of its August 13, 2026 earnings report.

The DRNZ ETF profile provides an overview of the REX Drone ETF, listed as DRNZ. It details key statistics such as Assets Under Management ($107.37M USD) and an expense ratio of 0.65%, and highlights that DRNZ tracks the VettaFi Drone Index, focusing on global drone companies with a passive management style. The ETF does not currently pay dividends and primarily invests in Electronic Technology and Technology Services sectors, with a significant concentration in North America.

The DRNZ ETF, issued by Rex Financial LLC under the REX Shares brand, tracks the VettaFi Drone Index, investing in global drone companies. With $110.32 million in assets under management, the fund focuses on Electronic Technology and Technology Services within North America, with top holdings including AeroVironment, Inc. and NextVison Stabilized Systems, Ltd. DRNZ does not pay dividends and has an expense ratio of 0.65%, currently trading at a 0.50% premium to its NAV.

The REX Drone ETF (DRNZ) recently saw significant inflows, attracting $11.28 million in the first week of July 2026 and an additional $4.6 million later that week, totaling $15.88 million in five-day net inflows. This growth is driven by increasing global defense spending and the expanding role of drones in military operations. DRNZ focuses on pure-play drone technology companies, including major holdings like AeroVironment (AVAV) and NextVision Stabilized Systems (NXSN).

The REX Drone ETF (DRNZ) provides diversified exposure to companies involved in drone technology, including developers, component makers, and defense contractors. It is well-positioned for growth due to significant U.S. defense spending on drones and counter-drone systems. A Buy rating is recommended by analyst Michael Del Monte, citing rising global defense budgets and expanding market opportunities.