Global X Defense Tech ETF (NYSEARCA:SHLD) Short Interest Update

Global X Defense Tech ETF (NYSEARCA:SHLD) was the recipient of a large growth in short interest in May. As of May 29th, there was short interest totaling 2,005,428 shares, a growth of 614.0% from the May 14th total of 280,877 shares. Currently, 1.7% of the company’s shares are short sold. Based on an average daily volume of 2,426,511 shares, the days-to-cover ratio is currently 0.8 days.

Global X Defense Tech ETF Trading Down 1.2%

NYSEARCA:SHLD traded down $0.75 on Wednesday, hitting $62.36. 1,196,990 shares of the company’s stock traded hands, compared to its average volume of 2,099,460. Global X Defense Tech ETF has a 1 year low of $56.00 and a 1 year high of $78.49. The firm has a 50-day moving average price of $68.18 and a 200-day moving average price of $70.02. The company has a market cap of $7.40 billion, a PE ratio of -5.15 and a beta of 0.20.

Hedge Funds Weigh In On Global X Defense Tech ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its stake in Global X Defense Tech ETF by 12.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,681 shares of the company’s stock valued at $119,000 after acquiring an additional 181 shares in the last quarter. Seamount Financial Group Inc. grew its stake in Global X Defense Tech ETF by 4.7% during the 1st quarter. Seamount Financial Group Inc. now owns 5,949 shares of the company’s stock valued at $421,000 after acquiring an additional 267 shares in the last quarter. Evolution Wealth Management Inc. grew its stake in 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 acquiring an additional 288 shares in the last quarter. Quantum Portfolio Management LLC grew its stake in Global X Defense Tech ETF by 3.2% during the 1st quarter. Quantum Portfolio Management LLC now owns 11,131 shares of the company’s stock valued at $789,000 after acquiring an additional 348 shares in the last quarter. Finally, American Institute for Advanced Investment Management LLP grew its stake in Global X Defense Tech ETF by 1.5% during the 1st quarter. American Institute for Advanced Investment Management LLP now owns 23,332 shares of the company’s stock valued at $1,653,000 after acquiring an additional 350 shares in the last quarter. Hedge funds and other institutional investors own 57.57% of the company’s stock.

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.