Drone ETF Lifts Off on a Busy Day for the Booming Industry (AITX, UAV, DPRO, KTOS, UAVS)
By: AB Newswire
April 28, 2022 at 12:42 PM EDT
The drone industry is on pace to grow at a staggering rate. Wall Street sharps are well aware of the opportunity. This is why on Wednesday, AdvisorShares an investment firm with assets under management (AUM) of $2 billion unveiled its AdvisorShares Drone Technology ETF (NYSEARCA:UAV), which is a thematic fund that aims to deliver investment exposure to unmanned aerial vehicles (aka drones) and autonomous vehicles.
Managing director at AdvisorShares and portfolio manager of UAV, Dan Aherns stated: "As technological innovation evolves, we believe that drone technology will accelerate further and establish itself as an investment growth opportunity with durable and sustainable characteristics."
This is not the first ETF in the drone space, Vanguard Industrials (NYSE:VIS), iShares US Aerospace & Defense (NYSE: ITA), and US Global Jets (NYSE: JETS); are a few other options in the industry. However, the returns on these ETFs have been mixed.
Investors looking to capitalize on drone technology in the near term would be better served exploring individual companies.
Artificial Intelligence Technology Solutions, Inc. (OTCMKTS: AITX) is a prime example, and the timing is perfect. The company just entered the drone space through a collaboration with Nightingale Security announced on Wednesday.
AITX’s subsidiary Robotic Assistance Devices (RAD) produces a wide range of security robots (SCOT™, ROSA™, Wally™, Wally HSO™, AVA™, ROAMEO™, or RAD Light My Way™) that solve a host of security issues.
Nightingale Security’s drones will be integrated with these robots to give the client a robust security solution. This is the latest development in what has already been a banner month for the company. Here’s a recent timeline of AITX milestones:
AITX has announced 16 new sales since the conference. In fact, last week the company “shipped its two-hundredth ROSA.” There could be many more in the pipeline judging by the reported opportunities. These events could be catalysts for AITX’s stock.
Now with drone technology integrated into its already popular security robots, AITX boasts a fully autonomous security solution for both short and long range coverage.
AITX’s stock is currently heading in the same direction its drones will be, so make sure to start your research today.
OTHER DRONE COMPANIES MAKING NEWSDraganfly Inc. (NASDAQ: DPRO) announced today the Company’s Vital Intelligence Smart Vital Kiosks have been implemented in Perry County, Alabama by the Perry County School District. Perry County Schools is a public school district serving students from pre-kindergarten to grade 12.
Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), announced this week that it will publish financial results for the first quarter of 2022 after the close of market on Thursday, May 5. As a leader in the industry, this could be a good barometer for drone investors to watch.
AgEagle Aerial Systems Inc. (NYSE: UAVS) has been exhibiting at the AUVSI XPONENTIAL 2022 in Orlando, Florida this week. UAVS is an industry-leading provider of full-stack drone, sensor and software solutions for commercial and government/defense use.
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