Global X Defense Tech ETF (NYSEARCA:SHLD) Sets New 12-Month High – Time to Buy?

Shares of Global X Defense Tech ETF (NYSEARCA:SHLDGet Free Report) reached a new 52-week high on Wednesday . The stock traded as high as $72.00 and last traded at $71.69, with a volume of 155006 shares. The stock had previously closed at $71.13.

Global X Defense Tech ETF Price Performance

The firm has a 50-day moving average of $64.86 and a 200 day moving average of $64.14. The company has a market capitalization of $5.72 billion, a PE ratio of -5.97 and a beta of 0.27.

Global X Defense Tech ETF Company Profile

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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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