Global X Defense Tech ETF (NYSEARCA:SHLD) Sets New 1-Year High – Here’s Why

Global X Defense Tech ETF (NYSEARCA:SHLDGet Free Report) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $76.57 and last traded at $76.35, with a volume of 3075489 shares traded. The stock had previously closed at $75.14.

Global X Defense Tech ETF Price Performance

The stock’s fifty day simple moving average is $65.71 and its 200-day simple moving average is $64.77. The company has a market capitalization of $6.52 billion, a P/E ratio of -6.35 and a beta of 0.27.

About Global X Defense Tech ETF

(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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