Global X Defense Tech ETF (NYSEARCA:SHLD) Short Interest Up 219.2% in January

Global X Defense Tech ETF (NYSEARCA:SHLD) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 660,431 shares, a growth of 219.2% from the December 31st total of 206,932 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average daily volume of 2,539,809 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 2,539,809 shares, the short-interest ratio is presently 0.3 days. Currently, 0.7% of the shares of the company are short sold.

Global X Defense Tech ETF Stock Performance

NYSEARCA SHLD traded down $0.65 during mid-day trading on Wednesday, reaching $77.22. 2,190,506 shares of the stock were exchanged, compared to its average volume of 2,665,888. Global X Defense Tech ETF has a 1 year low of $38.75 and a 1 year high of $78.49. The business’s 50 day moving average is $67.84 and its 200-day moving average is $65.91. The company has a market capitalization of $7.09 billion, a P/E ratio of -6.38 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.