Global X Defense Tech ETF (NYSEARCA:SHLD) Reaches New 12-Month High – What’s Next?

Global X Defense Tech ETF (NYSEARCA:SHLDGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $78.49 and last traded at $78.07, with a volume of 728452 shares changing hands. The stock had previously closed at $77.91.

Global X Defense Tech ETF Stock Performance

The firm has a market cap of $6.80 billion, a price-to-earnings ratio of -6.43 and a beta of 0.27. The business’s 50 day moving average price is $66.42 and its 200 day moving average price is $65.20.

Global X Defense Tech ETF Company Profile

(Get Free Report)

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.

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