Gabelli Commercial Aerospace & Defense ETF (NYSEARCA:GCAD – Get Free Report) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 4,681 shares, a growth of 242.9% from the April 30th total of 1,365 shares. Based on an average daily volume of 10,074 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.8% of the company’s shares are sold short.
Gabelli Commercial Aerospace & Defense ETF Trading Down 0.0%
NYSEARCA GCAD traded down $0.02 during trading on Friday, reaching $55.04. 1,997 shares of the company’s stock were exchanged, compared to its average volume of 5,412. Gabelli Commercial Aerospace & Defense ETF has a fifty-two week low of $38.88 and a fifty-two week high of $56.99. The firm has a market capitalization of $33.02 million, a PE ratio of 29.49 and a beta of 0.86. The company’s fifty day simple moving average is $51.68 and its 200-day simple moving average is $50.50.
Institutional Investors Weigh In On Gabelli Commercial Aerospace & Defense ETF
Institutional investors have recently made changes to their positions in the company. Parallel Advisors LLC bought a new position in shares of Gabelli Commercial Aerospace & Defense ETF in the 1st quarter valued at approximately $30,000. Gabelli Funds LLC bought a new position in shares of Gabelli Commercial Aerospace & Defense ETF in the 4th quarter valued at approximately $696,000. Finally, Gamco Investors INC. ET AL raised its stake in shares of Gabelli Commercial Aerospace & Defense ETF by 218.6% in the 4th quarter. Gamco Investors INC. ET AL now owns 154,194 shares of the company’s stock valued at $7,158,000 after acquiring an additional 105,800 shares in the last quarter.
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.
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