Short Interest in Gabelli Commercial Aerospace & Defense ETF (NYSEARCA:GCAD) Decreases By 88.9%

Gabelli Commercial Aerospace & Defense ETF (NYSEARCA:GCAD) was the target of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 1,596 shares, a decrease of 88.9% from the July 30th total of 14,407 shares. Based on an average trading volume of 5,382 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the company’s shares are short sold.

Gabelli Commercial Aerospace & Defense ETF Stock Down 0.2%

Gabelli Commercial Aerospace & Defense ETF stock traded down $0.09 during midday trading on Tuesday, reaching $52.45. The stock had a trading volume of 8,182 shares, compared to its average volume of 6,494. Gabelli Commercial Aerospace & Defense ETF has a 52-week low of $42.90 and a 52-week high of $59.11. The firm has a market cap of $41.96 million, a price-to-earnings ratio of 29.49 and a beta of 0.87. The company has a fifty day moving average of $55.56 and a 200 day moving average of $53.69.

Institutional Trading of Gabelli Commercial Aerospace & Defense ETF

Large investors have recently modified their holdings of the company. Gabelli Funds LLC bought a new position in shares of Gabelli Commercial Aerospace & Defense ETF during the 4th quarter worth $696,000. Gamco Investors INC. ET AL increased its holdings in Gabelli Commercial Aerospace & Defense ETF by 218.6% during the fourth quarter. Gamco Investors INC. ET AL now owns 154,194 shares of the company’s stock valued at $7,158,000 after buying an additional 105,800 shares during the period. Finally, Parallel Advisors LLC bought a new position in Gabelli Commercial Aerospace & Defense ETF in the first quarter worth approximately $30,000.

Gabelli Commercial Aerospace & Defense ETF Company Profile

The Gabelli Commercial Aerospace & Defense ETF (GCAD) is an exchange-traded fund that mostly invests in industrials equity. The fund is an actively managed, non-transparent ETF that invests in income-producing equities in the US aerospace and defense industry. The fund utilizes the Precidian non-transparent model GCAD was launched on Jan 3, 2023 and is managed by Gabelli.