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

Global X Defense Tech ETF (NYSEARCA:SHLD) saw a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 888,747 shares, a decline of 62.7% from the September 15th total of 2,382,571 shares. Based on an average trading volume of 2,435,292 shares, the short-interest ratio is currently 0.4 days. Approximately 0.8% of the company’s shares are short sold.

Global X Defense Tech ETF Stock Performance

SHLD stock traded down $0.49 during trading on Tuesday, hitting $59.34. 1,202,494 shares of the company traded hands, compared to its average volume of 1,749,656. The company has a 50-day moving average of $64.06 and a 200-day moving average of $65.03. Global X Defense Tech ETF has a 1 year low of $57.89 and a 1 year high of $78.49. The firm has a market capitalization of $6.31 billion, a PE ratio of -4.90 and a beta of 0.33.

Institutional Trading of Global X Defense Tech ETF

Institutional investors have recently made changes to their positions in the stock. Forvis Mazars Wealth Advisors LLC purchased a new position in shares of Global X Defense Tech ETF during the third quarter valued at approximately $218,000. Accel Wealth Management boosted its position in shares of Global X Defense Tech ETF by 9.0% in the 3rd quarter. Accel Wealth Management now owns 37,728 shares of the company’s stock worth $2,267,000 after purchasing an additional 3,131 shares in the last quarter. Cascade Investment Group Inc. bought a new stake in shares of Global X Defense Tech ETF in the 3rd quarter worth approximately $262,000. Sax Wealth Advisors LLC purchased a new stake in shares of Global X Defense Tech ETF in the 3rd quarter worth approximately $334,000. Finally, Terra Nova Asset Management LLC grew its stake in shares of Global X Defense Tech ETF by 11.4% in the 3rd quarter. Terra Nova Asset Management LLC now owns 25,925 shares of the company’s stock worth $1,558,000 after buying an additional 2,652 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.