Global X Defense Tech ETF (NYSEARCA:SHLD) Stock Price Crosses Above Fifty Day Moving Average – Should You Sell?

Global X Defense Tech ETF (NYSEARCA:SHLD) passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $62.77 and traded as high as $63.40. Global X Defense Tech ETF shares last traded at $63.35, with a volume of 1,573,786 shares.

Global X Defense Tech ETF Trading Up 0.1%

The firm has a 50 day simple moving average of $62.50 and a 200 day simple moving average of $67.49. The firm has a market capitalization of $6.59 billion, a PE ratio of -5.23 and a beta of 0.33.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Financial Life Planners bought a new position in Global X Defense Tech ETF in the first quarter worth approximately $26,000. CX Institutional bought a new stake in shares of Global X Defense Tech ETF during the 2nd quarter valued at $29,000. Raleigh Capital Management Inc. grew its position in shares of Global X Defense Tech ETF by 102.9% during the 3rd quarter. Raleigh Capital Management Inc. now owns 489 shares of the company’s stock valued at $29,000 after acquiring an additional 248 shares during the period. GK Wealth Management LLC bought a new stake in shares of Global X Defense Tech ETF during the 3rd quarter valued at $32,000. Finally, Manchester Capital Management LLC purchased a new stake in shares of Global X Defense Tech ETF in the 3rd quarter worth $32,000. Institutional investors own 57.57% of the company’s stock.

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.