Global X Defense Tech ETF (NYSEARCA:SHLD) Short Interest Down 37.5% in December

Global X Defense Tech ETF (NYSEARCA:SHLD) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 206,932 shares, a decline of 37.5% from the December 15th total of 331,096 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 745,487 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 745,487 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.3% of the company’s shares are short sold.

Global X Defense Tech ETF Trading Up 0.6%

NYSEARCA SHLD traded up $0.45 during trading hours on Friday, hitting $77.80. 2,108,501 shares of the company’s stock were exchanged, compared to its average volume of 2,471,878. The stock has a 50-day simple moving average of $65.95 and a 200 day simple moving average of $64.86. Global X Defense Tech ETF has a 1-year low of $38.75 and a 1-year high of $78.09. The firm has a market cap of $6.60 billion, a price-to-earnings ratio of -6.42 and a beta of 0.27.

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.