Global X Defense Tech ETF (NYSEARCA:SHLD) Short Interest Update

Global X Defense Tech ETF (NYSEARCA:SHLD) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 303,300 shares, a decrease of 33.2% from the September 30th total of 454,000 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 1,156,000 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 1,156,000 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.4% of the shares of the company are short sold.

Global X Defense Tech ETF Trading Down 1.7%

SHLD stock traded down $1.20 during trading on Tuesday, reaching $67.59. The stock had a trading volume of 511,549 shares, compared to its average volume of 910,455. Global X Defense Tech ETF has a 52 week low of $36.61 and a 52 week high of $71.54. The stock’s 50 day moving average is $66.70 and its two-hundred day moving average is $60.97. The firm has a market cap of $5.16 billion, a PE ratio of -5.58 and a beta of 0.27.

Global X Defense Tech ETF Company Profile

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.