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Drone ETF Takes Off After Court Decides Users Don’t Have To Register Under FAA Rule

TedTed
in Fund Discussions
FYI: An exchange-traded fund that tracks the done industry spiked on Friday, hitting a record after an appeals court struck down a controversial requirement by the Federal Aviation Administration that users must register their devices.

The PureFunds Drone Economy Strategy ETF IFLY, +1.98% climbed 1.9% on more than triple its average daily volume, according to FactSet. Nearly 11,000 shares exchanged hands, 280% above its 30-day average of just 3,900.
Regards,
Ted
http://www.marketwatch.com/story/drone-etf-takes-off-after-court-decides-users-dont-have-to-register-under-faa-rule-2017-05-19/print

M* Snapshot IFLY:
http://www.morningstar.com/etfs/ARCX/IFLY/quote.html

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