Gabelli Commercial Aerospace & Defense ETF (NYSEARCA:GCAD) Short Interest Update

Gabelli Commercial Aerospace & Defense ETF (NYSEARCA:GCADGet Free Report) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 37,332 shares, a growth of 633.3% from the May 31st total of 5,091 shares. Based on an average daily trading volume, of 8,314 shares, the short-interest ratio is presently 4.5 days. Approximately 6.2% of the shares of the stock are sold short.

Gabelli Commercial Aerospace & Defense ETF Trading Up 1.1%

Shares of NYSEARCA GCAD opened at $55.19 on Friday. The company’s 50-day moving average price is $53.11 and its 200 day moving average price is $51.89. Gabelli Commercial Aerospace & Defense ETF has a 52 week low of $40.99 and a 52 week high of $59.11. The stock has a market cap of $33.11 million, a price-to-earnings ratio of 29.49 and a beta of 0.88.

Institutional Trading of Gabelli Commercial Aerospace & Defense ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Gabelli Funds LLC purchased a new position in shares of Gabelli Commercial Aerospace & Defense ETF during the 4th quarter worth approximately $696,000. Gamco Investors INC. ET AL raised its position in shares of Gabelli Commercial Aerospace & Defense ETF by 218.6% during the 4th 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 stake in Gabelli Commercial Aerospace & Defense ETF in the 1st quarter valued at approximately $30,000.

Gabelli Commercial Aerospace & Defense ETF Company Profile

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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.

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