Gabelli Commercial Aerospace & Defense ETF (NYSEARCA:GCAD) Sees Large Decrease in Short Interest

Gabelli Commercial Aerospace & Defense ETF (NYSEARCA:GCAD) saw a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 1,596 shares, a decrease of 88.9% from the July 30th total of 14,407 shares. Based on an average trading volume of 5,382 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Investors Weigh In On Gabelli Commercial Aerospace & Defense ETF

Hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC purchased a new stake in shares of Gabelli Commercial Aerospace & Defense ETF during the 1st quarter worth about $30,000. Gabelli Funds LLC acquired a new position in shares of Gabelli Commercial Aerospace & Defense ETF during the 4th quarter worth approximately $696,000. Finally, Gamco Investors INC. ET AL grew its stake in Gabelli Commercial Aerospace & Defense ETF by 218.6% in the 4th quarter. Gamco Investors INC. ET AL now owns 154,194 shares of the company’s stock valued at $7,158,000 after acquiring an additional 105,800 shares during the period.

Gabelli Commercial Aerospace & Defense ETF Trading Down 0.2%

Shares of NYSEARCA:GCAD traded down $0.09 on Tuesday, hitting $52.45. 8,182 shares of the company were exchanged, compared to its average volume of 6,494. The firm has a market capitalization of $41.96 million, a P/E ratio of 29.49 and a beta of 0.87. Gabelli Commercial Aerospace & Defense ETF has a 1-year low of $42.90 and a 1-year high of $59.11. The stock’s 50 day moving average price is $55.56 and its 200 day moving average price is $53.69.

Gabelli Commercial Aerospace & Defense ETF Company Profile

The Gabelli Commercial Aerospace & Defense ETF (GCAD) is an exchange-traded fund that mostly invests in industrials equity. The fund is an actively managed, non-transparent ETF that invests in income-producing equities in the US aerospace and defense industry. The fund utilizes the Precidian non-transparent model GCAD was launched on Jan 3, 2023 and is managed by Gabelli.