Gabelli Commercial Aerospace & Defense ETF (NYSEARCA:GCAD) Short Interest Update

Gabelli Commercial Aerospace & Defense ETF (NYSEARCA:GCAD) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 37,332 shares, a growth of 633.3% from the May 31st total of 5,091 shares. Based on an average daily trading volume, of 8,314 shares, the short-interest ratio is presently 4.5 days. Approximately 6.2% of the shares of the company are sold short.

Gabelli Commercial Aerospace & Defense ETF Stock Performance

Shares of GCAD opened at $55.19 on Friday. Gabelli Commercial Aerospace & Defense ETF has a fifty-two week low of $40.99 and a fifty-two week high of $59.11. The firm has a 50-day simple moving average of $53.11 and a 200-day simple moving average of $51.89. The company has a market capitalization of $33.11 million, a price-to-earnings ratio of 29.49 and a beta of 0.88.

Institutional Trading of Gabelli Commercial Aerospace & Defense ETF

Hedge funds have recently added to or reduced their stakes in the stock. Parallel Advisors LLC acquired a new position in shares of Gabelli Commercial Aerospace & Defense ETF in the first quarter valued at approximately $30,000. Gabelli Funds LLC acquired a new stake in shares of Gabelli Commercial Aerospace & Defense ETF during the fourth quarter worth $696,000. Finally, Gamco Investors INC. ET AL lifted its holdings in shares of Gabelli Commercial Aerospace & Defense ETF by 14.4% during the first quarter. Gamco Investors INC. ET AL now owns 176,429 shares of the company’s stock worth $8,774,000 after purchasing an additional 22,235 shares during the period.

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.