Global X Defense Tech ETF (NYSEARCA:SHLD) Short Interest Update

by · The Cerbat Gem

Global X Defense Tech ETF (NYSEARCA:SHLD – Get Free Report) was the recipient of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totaling 159,539 shares, a decrease of 94.6% from the March 15th total of 2,930,357 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 1,910,771 shares, the short-interest ratio is presently 0.1 days.

Global X Defense Tech ETF Price Performance

Shares of NYSEARCA SHLD traded down $1.55 during mid-day trading on Friday, reaching $72.70. The company’s stock had a trading volume of 1,726,140 shares, compared to its average volume of 2,185,635. The firm has a market capitalization of $8.47 billion, a PE ratio of -6.00 and a beta of 0.48. Global X Defense Tech ETF has a 52 week low of $48.14 and a 52 week high of $78.49. The stock has a fifty day moving average of $74.14 and a two-hundred day moving average of $70.16.

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 position in Global X Defense Tech ETF (NYSEARCA:SHLD – Free Report) by 19.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,000 shares of the company’s stock after buying an additional 12,702 shares during the period. Rockefeller Capital Management L.P. owned 0.08% of Global X Defense Tech ETF worth $4,989,000 at the end of the most recent quarter. 57.57% of the stock is currently owned by hedge funds and other institutional investors.

Global X Defense Tech ETF Company Profile

(Get Free Report)

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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