Global X Defense Tech ETF (NYSEARCA:SHLD – Get Free Report) was the recipient of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 2,930,357 shares, a growth of 560.0% from the February 26th total of 444,000 shares. Based on an average trading volume of 3,548,051 shares, the days-to-cover ratio is presently 0.8 days. Currently, 3.0% of the company’s stock are sold short. Currently, 3.0% of the company’s stock are sold short. Based on an average trading volume of 3,548,051 shares, the days-to-cover ratio is presently 0.8 days.
Institutional Investors Weigh In On Global X Defense Tech ETF
An institutional investor recently raised its position in Global X Defense Tech ETF stock. Rockefeller Capital Management L.P. increased its stake in shares of Global X Defense Tech ETF (NYSEARCA:SHLD – Free Report) by 19.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 77,000 shares of the company’s stock after purchasing an additional 12,702 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.08% of Global X Defense Tech ETF worth $4,989,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 57.57% of the company’s stock.
Global X Defense Tech ETF Stock Performance
Shares of Global X Defense Tech ETF stock traded up $1.14 during trading on Wednesday, hitting $73.33. 472,318 shares of the stock were exchanged, compared to its average volume of 2,267,314. Global X Defense Tech ETF has a 12 month low of $42.01 and a 12 month high of $78.49. The stock has a market cap of $7.18 billion, a PE ratio of -6.06 and a beta of 0.27. The stock’s fifty day moving average is $75.22 and its 200 day moving average is $69.56.
About Global X Defense Tech ETF
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.
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