Gabelli Commercial Aerospace & Defense ETF (NYSEARCA:GCAD) Short Interest Update

Gabelli Commercial Aerospace & Defense ETF (NYSEARCA:GCAD) was the target of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 7,277 shares, a decrease of 80.5% from the June 15th total of 37,332 shares. Based on an average daily volume of 11,836 shares, the short-interest ratio is currently 0.6 days. Currently, 0.9% of the shares of the stock are short sold.

Institutional Trading of Gabelli Commercial Aerospace & Defense ETF

A number of large investors have recently added to or reduced their stakes in the company. Gabelli Funds LLC purchased a new stake in shares of Gabelli Commercial Aerospace & Defense ETF during the 4th quarter worth approximately $696,000. Gamco Investors INC. ET AL grew its holdings in shares of Gabelli Commercial Aerospace & Defense ETF by 218.6% in the fourth quarter. Gamco Investors INC. ET AL now owns 154,194 shares of the company’s stock valued at $7,158,000 after purchasing an additional 105,800 shares in the last quarter. Finally, Parallel Advisors LLC bought a new stake in Gabelli Commercial Aerospace & Defense ETF in the first quarter worth $30,000.

Gabelli Commercial Aerospace & Defense ETF Price Performance

Shares of GCAD stock traded down $1.13 during trading hours on Monday, hitting $53.94. The stock had a trading volume of 7,832 shares, compared to its average volume of 6,232. Gabelli Commercial Aerospace & Defense ETF has a one year low of $42.00 and a one year high of $59.11. The stock’s 50-day moving average price is $54.06 and its two-hundred day moving average price is $52.62. The stock has a market capitalization of $43.15 million, a price-to-earnings ratio of 29.49 and a beta of 0.87.

About Gabelli Commercial Aerospace & Defense ETF

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.