Short Interest in Global X Defense Tech ETF (NYSEARCA:SHLD) Decreases By 37.5%

Global X Defense Tech ETF (NYSEARCA:SHLD) saw a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 206,932 shares, a decrease of 37.5% from the December 15th total of 331,096 shares. Based on an average daily trading volume, of 745,487 shares, the short-interest ratio is currently 0.3 days. Currently, 0.3% of the company’s stock are short sold. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 745,487 shares, the short-interest ratio is currently 0.3 days.

Global X Defense Tech ETF Stock Performance

NYSEARCA SHLD traded up $0.56 during trading hours on Friday, hitting $77.91. 2,525,170 shares of the company traded hands, compared to its average volume of 2,538,430. The stock has a market capitalization of $6.81 billion, a price-to-earnings ratio of -6.43 and a beta of 0.27. Global X Defense Tech ETF has a twelve month low of $38.75 and a twelve month high of $78.09. The business’s 50-day moving average is $66.20 and its 200-day moving average is $65.02.

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.