Gabelli Commercial Aerospace & Defense ETF (NYSEARCA:GCAD – Get Free Report) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 14,407 shares, an increase of 73.3% from the July 15th total of 8,313 shares. Based on an average trading volume of 9,640 shares, the short-interest ratio is currently 1.5 days. Currently, 1.8% of the shares of the company are short sold.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in GCAD. Parallel Advisors LLC acquired a new stake in shares of Gabelli Commercial Aerospace & Defense ETF during the first quarter worth $30,000. Gabelli Funds LLC acquired a new position in shares of Gabelli Commercial Aerospace & Defense ETF in the fourth quarter valued at about $696,000. Finally, Gamco Investors INC. ET AL grew its stake 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 valued at $7,158,000 after acquiring an additional 105,800 shares in the last quarter.
Gabelli Commercial Aerospace & Defense ETF Stock Down 1.0%
Shares of Gabelli Commercial Aerospace & Defense ETF stock traded down $0.55 on Tuesday, hitting $56.85. The stock had a trading volume of 4,179 shares, compared to its average volume of 6,401. The stock has a market cap of $45.48 million, a price-to-earnings ratio of 29.49 and a beta of 0.87. Gabelli Commercial Aerospace & Defense ETF has a twelve month low of $42.30 and a twelve month high of $59.11. The business’s 50 day moving average is $55.64 and its two-hundred day moving average is $53.62.
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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