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

Global X Defense Tech ETF (NYSEARCA:SHLD) was the recipient of a significant decline in short interest in the month of January. As of January 30th, there was short interest totaling 389,738 shares, a decline of 41.0% from the January 15th total of 660,431 shares. Based on an average daily volume of 2,607,386 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.4% of the shares of the company are sold short. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 2,607,386 shares, the days-to-cover ratio is presently 0.1 days.

Global X Defense Tech ETF Stock Up 1.6%

Shares of SHLD traded up $1.14 during trading hours on Friday, hitting $72.21. The company had a trading volume of 1,143,535 shares, compared to its average volume of 2,210,466. The firm has a market cap of $7.07 billion, a price-to-earnings ratio of -5.96 and a beta of 0.27. The business has a fifty day moving average of $70.86 and a 200-day moving average of $67.00. Global X Defense Tech ETF has a 12 month low of $40.75 and a 12 month high of $78.49.

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.