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

Global X Defense Tech ETF (NYSEARCA:SHLD) was the recipient of a significant 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.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Maripau Wealth Management LLC raised its holdings in Global X Defense Tech ETF by 48.9% in the 1st quarter. Maripau Wealth Management LLC now owns 4,614 shares of the company’s stock valued at $327,000 after buying an additional 1,516 shares during the last quarter. Security Financial Services INC. raised its holdings in Global X Defense Tech ETF by 45.7% in the 1st quarter. Security Financial Services INC. now owns 139,546 shares of the company’s stock valued at $9,885,000 after buying an additional 43,749 shares during the last quarter. Verus Capital Partners LLC raised its holdings in Global X Defense Tech ETF by 2.9% in the 1st quarter. Verus Capital Partners LLC now owns 87,829 shares of the company’s stock valued at $6,222,000 after buying an additional 2,508 shares during the last quarter. Western Wealth Management LLC raised its holdings in Global X Defense Tech ETF by 16.6% in the 1st quarter. Western Wealth Management LLC now owns 14,371 shares of the company’s stock valued at $1,018,000 after buying an additional 2,047 shares during the last quarter. Finally, Sonoma Allocations LLC bought a new position in Global X Defense Tech ETF in the 1st quarter valued at approximately $602,000. Institutional investors 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 company has a 50 day simple moving average of $69.42 and a 200 day simple moving average of $70.04. The firm has a market cap of $8.01 billion, a PE ratio of -5.58 and a beta of 0.24. Global X Defense Tech ETF has a 1 year low of $56.00 and a 1 year high of $78.49.

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.