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

Global X Defense Tech ETF (NYSEARCA:SHLD) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 227,867 shares, a drop of 74.4% from the September 30th total of 888,747 shares. Based on an average daily volume of 1,077,795 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the company’s shares are short sold.

Global X Defense Tech ETF Trading Up 0.1%

Shares of SHLD stock traded up $0.05 during trading hours on Wednesday, reaching $63.29. The company’s stock had a trading volume of 735,932 shares, compared to its average volume of 1,711,371. The firm’s fifty day simple moving average is $62.64 and its 200 day simple moving average is $67.54. The stock has a market capitalization of $6.59 billion, a P/E ratio of -5.23 and a beta of 0.33. Global X Defense Tech ETF has a one year low of $57.89 and a one year high of $78.49.

Hedge Funds Weigh In On Global X Defense Tech ETF

Several large investors have recently modified their holdings of the stock. Financial Life Planners bought a new stake in Global X Defense Tech ETF in the 1st quarter worth about $26,000. CX Institutional bought a new stake in shares of Global X Defense Tech ETF during the 2nd quarter valued at $29,000. GK Wealth Management LLC bought a new position in shares of Global X Defense Tech ETF in the third quarter worth about $32,000. Manchester Capital Management LLC bought a new stake in shares of Global X Defense Tech ETF during the third quarter valued at approximately $32,000. Finally, Evolution Wealth Management Inc. boosted its holdings in shares of Global X Defense Tech ETF by 57.0% during the 1st quarter. Evolution Wealth Management Inc. now owns 793 shares of the company’s stock valued at $56,000 after purchasing an additional 288 shares during the last quarter. 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.