Global X Defense Tech ETF (NYSEARCA:SHLD) Sees Significant Increase in Short Interest

Global X Defense Tech ETF (NYSEARCA:SHLD) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 2,930,357 shares, an increase of 560.0% from the February 26th total of 444,000 shares. Based on an average daily volume of 3,548,051 shares, the short-interest ratio is currently 0.8 days. Approximately 3.0% of the shares of the company are short sold. Approximately 3.0% of the shares of the company are short sold. Based on an average daily volume of 3,548,051 shares, the short-interest ratio is currently 0.8 days.

Institutional Trading of Global X Defense Tech ETF

An institutional investor recently raised its position in Global X Defense Tech ETF stock. Rockefeller Capital Management L.P. lifted its holdings in Global X Defense Tech ETF (NYSEARCA:SHLD) by 19.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 77,000 shares of the company’s stock after purchasing an additional 12,702 shares during the quarter. Rockefeller Capital Management L.P. owned 0.08% of Global X Defense Tech ETF worth $4,989,000 as of its most recent filing with the SEC. Institutional investors own 57.57% of the company’s stock.

Global X Defense Tech ETF Stock Performance

Shares of NYSEARCA:SHLD traded down $0.87 during trading hours on Tuesday, hitting $72.19. The stock had a trading volume of 1,697,643 shares, compared to its average volume of 2,300,938. The stock’s fifty day simple moving average is $75.22 and its 200 day simple moving average is $69.56. The firm has a market capitalization of $7.07 billion, a price-to-earnings ratio of -5.96 and a beta of 0.27. Global X Defense Tech ETF has a 1-year low of $42.01 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.