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

Global X Defense Tech ETF (NYSEARCA:SHLD) was the target of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 280,877 shares, a drop of 61.5% from the April 30th total of 729,199 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 1,884,669 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Global X Defense Tech ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Catalina Capital Group LLC increased its position in Global X Defense Tech ETF by 47.5% during the 1st quarter. Catalina Capital Group LLC now owns 7,844 shares of the company’s stock valued at $556,000 after purchasing an additional 2,525 shares during the period. Tepp RIA LLC acquired a new stake in Global X Defense Tech ETF during the 1st quarter valued at approximately $2,614,000. Oregon Pacific Wealth Management LLC acquired a new stake in Global X Defense Tech ETF during the 1st quarter valued at approximately $205,000. Brookstone Capital Management increased its position in Global X Defense Tech ETF by 176.4% during the 1st quarter. Brookstone Capital Management now owns 14,486 shares of the company’s stock valued at $1,026,000 after purchasing an additional 9,245 shares during the period. Finally, FWG Investments LLC. increased its position in Global X Defense Tech ETF by 59.1% during the 1st quarter. FWG Investments LLC. now owns 7,686 shares of the company’s stock valued at $544,000 after purchasing an additional 2,854 shares during the period. Institutional investors and hedge funds own 57.57% of the company’s stock.

Global X Defense Tech ETF Price Performance

Shares of NYSEARCA SHLD opened at $67.53 on Friday. The firm has a market cap of $8.01 billion, a PE ratio of -5.58 and a beta of 0.24. The company has a 50 day simple moving average of $69.42 and a 200 day simple moving average of $70.04. Global X Defense Tech ETF has a 1 year low of $56.00 and a 1 year high of $78.49.

About Global X Defense Tech ETF

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.