Gabelli Commercial Aerospace & Defense ETF (NYSEARCA:GCAD) Short Interest Down 80.5% in June

Gabelli Commercial Aerospace & Defense ETF (NYSEARCA:GCAD) saw a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 7,277 shares, a decline of 80.5% from the June 15th total of 37,332 shares. Currently, 0.9% of the company’s stock are sold short. Based on an average daily trading volume, of 11,836 shares, the short-interest ratio is currently 0.6 days.

Institutional Trading of Gabelli Commercial Aerospace & Defense ETF

Several institutional investors have recently made changes to their positions in the company. Gabelli Funds LLC purchased a new stake in shares of Gabelli Commercial Aerospace & Defense ETF in the fourth quarter valued at about $696,000. Gamco Investors INC. ET AL boosted its holdings in Gabelli Commercial Aerospace & Defense ETF by 218.6% during the fourth quarter. Gamco Investors INC. ET AL now owns 154,194 shares of the company’s stock worth $7,158,000 after purchasing an additional 105,800 shares during the last quarter. Finally, Parallel Advisors LLC purchased a new position in Gabelli Commercial Aerospace & Defense ETF during the first quarter worth about $30,000.

Gabelli Commercial Aerospace & Defense ETF Stock Down 0.5%

NYSEARCA GCAD traded down $0.25 on Friday, reaching $55.07. The company had a trading volume of 5,177 shares, compared to its average volume of 6,220. The stock has a market capitalization of $44.06 million, a P/E ratio of 29.49 and a beta of 0.87. The company’s fifty day moving average is $54.06 and its 200 day moving average is $52.59. Gabelli Commercial Aerospace & Defense ETF has a 52-week low of $41.36 and a 52-week high of $59.11.

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.