Gabelli Commercial Aerospace & Defense ETF (NYSEARCA:GCAD) Stock Short Interest Declines 47.1%

Gabelli Commercial Aerospace & Defense ETF (NYSEARCA:GCAD) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 2,836 shares, a decline of 47.1% from the September 30th total of 5,356 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 4,568 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of Gabelli Commercial Aerospace & Defense ETF

Several large investors have recently modified their holdings of GCAD. Gamco Investors INC. ET AL increased its stake in shares of Gabelli Commercial Aerospace & Defense ETF by 14.4% in the 1st quarter. Gamco Investors INC. ET AL now owns 176,429 shares of the company’s stock valued at $8,774,000 after acquiring an additional 22,235 shares in the last quarter. Gabelli Funds LLC increased its stake in Gabelli Commercial Aerospace & Defense ETF by 783.3% in the first quarter. Gabelli Funds LLC now owns 132,500 shares of the company’s stock valued at $6,589,000 after purchasing an additional 117,500 shares in the last quarter. National Wealth Management Group LLC increased its stake in Gabelli Commercial Aerospace & Defense ETF by 33.6% in the third quarter. National Wealth Management Group LLC now owns 62,905 shares of the company’s stock valued at $3,052,000 after purchasing an additional 15,829 shares in the last quarter. NewEdge Advisors LLC acquired a new position in shares of Gabelli Commercial Aerospace & Defense ETF during the second quarter valued at about $347,000. Finally, Parallel Advisors LLC acquired a new position in shares of Gabelli Commercial Aerospace & Defense ETF during the first quarter valued at about $30,000.

Gabelli Commercial Aerospace & Defense ETF Trading Up 2.6%

NYSEARCA GCAD traded up $1.27 during trading hours on Monday, hitting $50.13. 7,121 shares of the company’s stock were exchanged, compared to its average volume of 6,116. The stock has a 50-day simple moving average of $49.62 and a 200 day simple moving average of $52.59. Gabelli Commercial Aerospace & Defense ETF has a 1-year low of $44.00 and a 1-year high of $59.11. The firm has a market cap of $45.12 million, a price-to-earnings ratio of 29.49 and a beta of 0.87.

About Gabelli Commercial Aerospace & Defense ETF

The Gabelli Commercial Aerospace & Defense ETF (GCAD) is an exchange-traded fund that mostly invests in industrials equity. The fund is an actively managed, non-transparent ETF that invests in income-producing equities in the US aerospace and defense industry. The fund utilizes the Precidian non-transparent model GCAD was launched on Jan 3, 2023 and is managed by Gabelli.