Gabelli Commercial Aerospace & Defense ETF (NYSEARCA:GCAD – Get Free Report) was the recipient of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 7,277 shares, a decrease of 80.5% from the June 15th total of 37,332 shares. Based on an average daily trading volume, of 11,836 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.9% of the company’s shares are short sold.
Institutional Investors Weigh In On Gabelli Commercial Aerospace & Defense ETF
Several hedge funds have recently bought and sold shares of GCAD. Parallel Advisors LLC acquired a new position in shares of Gabelli Commercial Aerospace & Defense ETF in the 1st quarter valued at $30,000. Gabelli Funds LLC bought a new position in Gabelli Commercial Aerospace & Defense ETF during the fourth quarter worth about $696,000. Finally, Gamco Investors INC. ET AL increased its holdings in shares of Gabelli Commercial Aerospace & Defense ETF by 218.6% in the fourth quarter. Gamco Investors INC. ET AL now owns 154,194 shares of the company’s stock worth $7,158,000 after acquiring an additional 105,800 shares in the last quarter.
Gabelli Commercial Aerospace & Defense ETF Trading Down 2.1%
Shares of GCAD stock traded down $1.13 on Monday, reaching $53.94. The company had a trading volume of 7,832 shares, compared to its average volume of 6,232. The stock has a market cap of $43.15 million, a PE ratio of 29.49 and a beta of 0.87. The company has a 50-day moving average of $54.06 and a 200-day moving average of $52.62. Gabelli Commercial Aerospace & Defense ETF has a 12 month low of $42.00 and a 12 month high of $59.11.
About Gabelli Commercial Aerospace & Defense ETF
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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