Global X Defense Tech ETF (NYSEARCA:SHLD) Stock Short Interest Report for October

Global X Defense Tech ETF (NYSEARCA:SHLD) saw a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 543,085 shares, an increase of 138.3% from the October 15th total of 227,867 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average trading volume of 990,475 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SHLD. Bank of America Corp DE grew its stake in shares of Global X Defense Tech ETF by 30.9% during the 1st quarter. Bank of America Corp DE now owns 9,575,995 shares of the company’s stock valued at $678,363,000 after buying an additional 2,262,272 shares during the period. Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of Global X Defense Tech ETF during the 1st quarter worth $120,428,000. Envestnet Asset Management Inc. raised its position in shares of Global X Defense Tech ETF by 30.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,362,699 shares of the company’s stock worth $81,367,000 after buying an additional 318,805 shares during the period. Royal Bank of Canada raised its position in shares of Global X Defense Tech ETF by 49.9% in the 1st quarter. Royal Bank of Canada now owns 817,433 shares of the company’s stock worth $57,907,000 after buying an additional 271,959 shares during the period. Finally, Cetera Investment Advisers raised its position in shares of Global X Defense Tech ETF by 27.6% in the 1st quarter. Cetera Investment Advisers now owns 654,029 shares of the company’s stock worth $46,331,000 after buying an additional 141,371 shares during the period. 57.57% of the stock is currently owned by institutional investors and hedge funds.

Global X Defense Tech ETF Price Performance

Shares of NYSEARCA SHLD traded down $0.48 on Friday, hitting $59.80. The company’s stock had a trading volume of 2,398,046 shares, compared to its average volume of 1,737,072. Global X Defense Tech ETF has a 12-month low of $57.14 and a 12-month high of $78.49. The company has a market capitalization of $5.97 billion, a price-to-earnings ratio of -4.94 and a beta of 0.30. The stock has a 50 day moving average of $61.42 and a 200-day moving average of $66.57.

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.