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

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

Global X Defense Tech ETF Price Performance

NYSEARCA SHLD traded down $1.91 during trading on Monday, reaching $65.62. The company’s stock had a trading volume of 2,230,841 shares, compared to its average volume of 2,129,723. The stock has a market capitalization of $7.79 billion, a PE ratio of -5.42 and a beta of 0.24. The firm has a fifty day moving average of $69.21 and a 200 day moving average of $70.05. Global X Defense Tech ETF has a one year low of $56.00 and a one year high of $78.49.

Hedge Funds Weigh In On Global X Defense Tech ETF

A number of institutional investors have recently added to or reduced their stakes in SHLD. Chatterton & Associates Inc. grew its position in Global X Defense Tech ETF by 121.0% during the 1st quarter. Chatterton & Associates Inc. now owns 20,999 shares of the company’s stock worth $1,559,000 after acquiring an additional 11,499 shares during the last quarter. Cardinal Strategic Wealth Guidance grew its position in Global X Defense Tech ETF by 17.8% during the 1st quarter. Cardinal Strategic Wealth Guidance now owns 81,519 shares of the company’s stock worth $5,775,000 after acquiring an additional 12,326 shares during the last quarter. Cardinal Point Capital Management ULC bought a new position in Global X Defense Tech ETF during the 1st quarter worth approximately $393,000. WealthBridge Capital Management LLC grew its position in Global X Defense Tech ETF by 14.1% during the 1st quarter. WealthBridge Capital Management LLC now owns 29,243 shares of the company’s stock worth $2,072,000 after acquiring an additional 3,611 shares during the last quarter. Finally, Signal Advisors Wealth LLC grew its position in Global X Defense Tech ETF by 45.5% during the 1st quarter. Signal Advisors Wealth LLC now owns 4,831 shares of the company’s stock worth $342,000 after acquiring an additional 1,510 shares during the last quarter. 57.57% of the stock is currently owned by institutional investors.

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.