Gabelli Commercial Aerospace & Defense ETF (NYSEARCA:GCAD – Get Free Report) was the target of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 2,700 shares, a decline of 28.9% from the September 15th total of 3,800 shares. Based on an average daily volume of 2,200 shares, the days-to-cover ratio is currently 1.2 days. Based on an average daily volume of 2,200 shares, the days-to-cover ratio is currently 1.2 days.
Gabelli Commercial Aerospace & Defense ETF Trading Up 0.8%
NYSEARCA GCAD opened at $46.51 on Friday. The firm’s fifty day simple moving average is $44.35 and its two-hundred day simple moving average is $41.05. Gabelli Commercial Aerospace & Defense ETF has a 12-month low of $25.00 and a 12-month high of $47.86. The firm has a market capitalization of $11.63 million, a P/E ratio of 29.49 and a beta of 1.07.
Hedge Funds Weigh In On Gabelli Commercial Aerospace & Defense ETF
A hedge fund recently raised its stake in Gabelli Commercial Aerospace & Defense ETF stock. Gamco Investors INC. ET AL grew its position in Gabelli Commercial Aerospace & Defense ETF (NYSEARCA:GCAD – Free Report) by 7.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 119,752 shares of the company’s stock after purchasing an additional 8,452 shares during the quarter. Gamco Investors INC. ET AL owned about 55.70% of Gabelli Commercial Aerospace & Defense ETF worth $4,070,000 at the end of the most recent reporting period.
About Gabelli Commercial Aerospace & Defense ETF
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.
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