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

Global X Defense Tech ETF (NYSEARCA:SHLD) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 331,096 shares, an increase of 274.9% from the November 30th total of 88,318 shares. Based on an average daily volume of 680,243 shares, the short-interest ratio is presently 0.5 days. Approximately 0.4% of the shares of the company are sold short. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 680,243 shares, the short-interest ratio is presently 0.5 days.

Global X Defense Tech ETF Stock Performance

Shares of SHLD traded down $0.62 during midday trading on Friday, hitting $65.99. 395,278 shares of the stock traded hands, compared to its average volume of 896,493. Global X Defense Tech ETF has a 1-year low of $36.61 and a 1-year high of $71.54. The firm has a market capitalization of $5.04 billion, a PE ratio of -5.45 and a beta of 0.27. The business’s 50 day moving average price is $64.99 and its two-hundred day moving average price is $63.64.

About Global X Defense Tech ETF

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. SHLD was launched on Sep 11, 2023 and is issued by Global X.