Gabelli Commercial Aerospace & Defense ETF (NYSEARCA:GCAD – Get Free Report) was the recipient of a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 1,365 shares, a decline of 45.7% from the April 15th total of 2,514 shares. Based on an average daily trading volume, of 3,020 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the company’s stock are sold short.
Gabelli Commercial Aerospace & Defense ETF Trading Down 3.1%
Shares of GCAD stock traded down $1.64 during trading hours on Friday, reaching $50.74. 15,350 shares of the company’s stock were exchanged, compared to its average volume of 5,315. Gabelli Commercial Aerospace & Defense ETF has a 1 year low of $37.85 and a 1 year high of $56.99. The stock has a market cap of $30.44 million, a PE ratio of 29.49 and a beta of 0.86. The stock’s fifty day moving average price is $51.77 and its two-hundred day moving average price is $50.04.
Hedge Funds Weigh In On Gabelli Commercial Aerospace & Defense ETF
Several hedge funds have recently modified their holdings of GCAD. Gabelli Funds LLC acquired a new position in shares of Gabelli Commercial Aerospace & Defense ETF during the fourth quarter valued at about $696,000. Gamco Investors INC. ET AL increased its holdings in shares of Gabelli Commercial Aerospace & Defense ETF by 218.6% during 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. Finally, Parallel Advisors LLC acquired a new position in shares of Gabelli Commercial Aerospace & Defense ETF during the first quarter valued at about $30,000.
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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