Gabelli Commercial Aerospace & Defense ETF (NYSEARCA:GCAD) Short Interest Up 242.9% in May

Gabelli Commercial Aerospace & Defense ETF (NYSEARCA:GCAD) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 4,681 shares, a growth of 242.9% from the April 30th total of 1,365 shares. Based on an average trading volume of 10,074 shares, the short-interest ratio is presently 0.5 days. Currently, 0.8% of the company’s stock are sold short.

Gabelli Commercial Aerospace & Defense ETF Trading Down 0.3%

Shares of GCAD traded down $0.16 on Friday, reaching $54.90. The company’s stock had a trading volume of 2,950 shares, compared to its average volume of 5,424. Gabelli Commercial Aerospace & Defense ETF has a twelve month low of $38.88 and a twelve month high of $56.99. The stock has a market capitalization of $32.94 million, a PE ratio of 29.49 and a beta of 0.86. The firm has a fifty day moving average of $51.74 and a 200-day moving average of $50.53.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Gabelli Funds LLC lifted its position in shares of Gabelli Commercial Aerospace & Defense ETF by 783.3% during the first quarter. Gabelli Funds LLC now owns 132,500 shares of the company’s stock valued at $6,589,000 after purchasing an additional 117,500 shares in the last quarter. Gamco Investors INC. ET AL lifted its position in shares of Gabelli Commercial Aerospace & Defense ETF by 14.4% during the first quarter. Gamco Investors INC. ET AL now owns 176,429 shares of the company’s stock valued at $8,774,000 after purchasing an additional 22,235 shares in the last quarter. Finally, Parallel Advisors LLC bought a new position in shares of Gabelli Commercial Aerospace & Defense ETF during the first quarter valued at about $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.