Global X Defense Tech ETF (NYSEARCA:SHLD) Short Interest Up 253.2% in April
by Jessica Moore · The Cerbat GemGlobal X Defense Tech ETF (NYSEARCA:SHLD – Get Free Report) was the recipient of a large growth in short interest during the month of April. As of April 15th, there was short interest totaling 563,463 shares, a growth of 253.2% from the March 31st total of 159,539 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,608,341 shares, the short-interest ratio is presently 0.4 days.
Global X Defense Tech ETF Trading Down 1.8%
Shares of NYSEARCA:SHLD traded down $1.26 during trading on Friday, reaching $67.57. The company had a trading volume of 2,903,419 shares, compared to its average volume of 2,151,449. The company has a fifty day moving average of $73.97 and a two-hundred day moving average of $70.36. The stock has a market capitalization of $8.00 billion, a P/E ratio of -5.58 and a beta of 0.48. Global X Defense Tech ETF has a 12 month low of $49.76 and a 12 month high of $78.49.
Hedge Funds Weigh In On Global X Defense Tech ETF
Institutional investors have recently made changes to their positions in the stock. FWG Investments LLC. grew its holdings in shares of Global X Defense Tech ETF by 59.1% during the 1st quarter. FWG Investments LLC. now owns 7,686 shares of the company’s stock valued at $544,000 after purchasing an additional 2,854 shares during the last quarter. Evolve Private Wealth LLC bought a new position in shares of Global X Defense Tech ETF during the 1st quarter valued at $600,000. Signal Advisors Wealth LLC grew its holdings in shares of Global X Defense Tech ETF by 45.5% during the 1st quarter. Signal Advisors Wealth LLC now owns 4,831 shares of the company’s stock valued at $342,000 after purchasing an additional 1,510 shares during the last quarter. Cardinal Strategic Wealth Guidance grew its holdings in shares of Global X Defense Tech ETF by 17.8% during the 1st quarter. Cardinal Strategic Wealth Guidance now owns 81,519 shares of the company’s stock valued at $5,775,000 after purchasing an additional 12,326 shares during the last quarter. Finally, Chatterton & Associates Inc. grew its holdings in shares of Global X Defense Tech ETF by 121.0% during the 1st quarter. Chatterton & Associates Inc. now owns 20,999 shares of the company’s stock valued at $1,559,000 after purchasing an additional 11,499 shares during the last quarter. Institutional investors own 57.57% of the company’s stock.
Global X Defense Tech ETF Company Profile
The Global X Defense Tech ETF (SHLD) is an exchange-traded fund that is based on the Global X Defense Tech index. The fund tracks a modified market-cap weighted index of the top 50 pure-play defense technology companies from around the world. These companies are considered best positioned to benefit from increased governmental defense spending. SHLD was launched on Sep 11, 2023 and is issued by Global X.