Global X Defense Tech ETF (NYSEARCA:SHLD) Sees Large Growth in Short Interest
by Doug Wharley · The Cerbat GemGlobal X Defense Tech ETF (NYSEARCA:SHLD – Get Free Report) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 660,431 shares, a growth of 219.2% from the December 31st total of 206,932 shares. Based on an average daily trading volume, of 2,539,809 shares, the short-interest ratio is presently 0.3 days. Approximately 0.7% of the company’s stock are sold short. Approximately 0.7% of the company’s stock are sold short. Based on an average daily trading volume, of 2,539,809 shares, the short-interest ratio is presently 0.3 days.
Global X Defense Tech ETF Stock Down 0.8%
Global X Defense Tech ETF stock traded down $0.65 during trading on Wednesday, reaching $77.22. The stock had a trading volume of 2,190,506 shares, compared to its average volume of 2,665,888. The business has a 50 day moving average price of $67.84 and a 200 day moving average price of $65.91. Global X Defense Tech ETF has a 52-week low of $38.75 and a 52-week high of $78.49. The stock has a market cap of $7.09 billion, a PE ratio of -6.38 and a beta of 0.27.
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.