Global X Defense Tech ETF (NYSEARCA:SHLD) Sees Significant Growth in Short Interest

Global X Defense Tech ETF (NYSEARCA:SHLD) was the target of a large increase in short interest in December. As of December 15th, there was short interest totaling 331,096 shares, an increase of 274.9% from the November 30th total of 88,318 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily volume of 680,243 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 680,243 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.4% of the company’s stock are sold short.

Global X Defense Tech ETF Price Performance

NYSEARCA:SHLD traded down $0.62 during mid-day trading on Friday, reaching $65.99. The stock had a trading volume of 395,278 shares, compared to its average volume of 896,493. The company has a market capitalization of $5.04 billion, a price-to-earnings ratio of -5.45 and a beta of 0.27. Global X Defense Tech ETF has a 1-year low of $36.61 and a 1-year high of $71.54. The stock’s 50 day simple moving average is $64.99 and its two-hundred day simple moving average is $63.64.

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.