Global X Defense Tech ETF (NYSEARCA:SHLD) Short Interest Up 173.6% in February

Global X Defense Tech ETF (NYSEARCA:SHLD) was the recipient of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 444,000 shares, a growth of 173.6% from the February 12th total of 162,293 shares. Based on an average daily trading volume, of 1,385,445 shares, the short-interest ratio is presently 0.3 days. Approximately 0.5% of the company’s stock are short sold. Approximately 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 1,385,445 shares, the short-interest ratio is presently 0.3 days.

Global X Defense Tech ETF Stock Down 1.7%

Global X Defense Tech ETF stock traded down $1.27 during trading on Wednesday, reaching $75.59. The stock had a trading volume of 4,375,905 shares, compared to its average volume of 2,213,472. Global X Defense Tech ETF has a 52-week low of $42.01 and a 52-week high of $78.49. The business has a 50 day moving average price of $74.37 and a 200 day moving average price of $68.65. The stock has a market cap of $7.40 billion, a PE ratio of -6.24 and a beta of 0.27.

About Global X Defense Tech ETF

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.