Global X Defense Tech ETF (NYSEARCA:SHLD) Stock Short Interest Report for October

Global X Defense Tech ETF (NYSEARCA:SHLD) saw a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 543,085 shares, an increase of 138.3% from the October 15th total of 227,867 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily volume of 990,475 shares, the days-to-cover ratio is presently 0.5 days.

Global X Defense Tech ETF Stock Down 0.8%

Shares of NYSEARCA SHLD traded down $0.48 during midday trading on Friday, hitting $59.80. The stock had a trading volume of 2,398,046 shares, compared to its average volume of 1,737,072. Global X Defense Tech ETF has a 1-year low of $57.14 and a 1-year high of $78.49. The company has a market capitalization of $5.97 billion, a price-to-earnings ratio of -4.94 and a beta of 0.30. The company has a fifty day moving average price of $61.42 and a 200 day moving average price of $66.57.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Activest Wealth Management grew its stake in Global X Defense Tech ETF by 2.4% during the third quarter. Activest Wealth Management now owns 7,112 shares of the company’s stock worth $427,000 after buying an additional 168 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Global X Defense Tech ETF by 12.1% in the first quarter. EverSource Wealth Advisors LLC now owns 1,681 shares of the company’s stock worth $119,000 after acquiring an additional 181 shares in the last quarter. Wealth Alliance LLC raised its stake in shares of Global X Defense Tech ETF by 0.3% in the 3rd quarter. Wealth Alliance LLC now owns 59,713 shares of the company’s stock valued at $3,588,000 after acquiring an additional 192 shares during the period. Alteri Wealth LLC raised its stake in shares of Global X Defense Tech ETF by 1.9% in the 3rd quarter. Alteri Wealth LLC now owns 12,521 shares of the company’s stock valued at $752,000 after acquiring an additional 230 shares during the period. Finally, Raleigh Capital Management Inc. raised its stake in shares of Global X Defense Tech ETF by 102.9% in the 3rd quarter. Raleigh Capital Management Inc. now owns 489 shares of the company’s stock valued at $29,000 after acquiring an additional 248 shares during the period. Hedge funds and other institutional investors own 57.57% of the company’s stock.

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.