Drone Stocks Surge as Trump Team Considers Funding Deals for UAV Sector
The AdvisorShares Drone Technology ETF (UAV) jumped as the basket of drone stocks surged on Trump funding speculation, providing diversified exposure to the sector.
- ▲ Drone stocks rally on Trump funding speculation
- ▼ Narrow sector ETF with high volatility
- ▼ Dependence on government contracts for holdings
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What is UAV ETF?
UAV is the ticker for the AdvisorShares Drone Technology ETF, which holds a portfolio of companies involved in drone manufacturing, services, and technology.
How does Trump's policy affect UAV?
Increased government funding for drones would directly benefit many of UAV's holdings, driving the ETF higher as the sector attracts more investment.