Gabelli Commercial Aerospace & Defense ETF (NYSEARCA:GCAD) Short Interest Up 263.4% in August

Gabelli Commercial Aerospace & Defense ETF (NYSEARCA:GCAD) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 5,800 shares, an increase of 263.4% from the August 15th total of 1,596 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average daily trading volume, of 8,905 shares, the short-interest ratio is currently 0.7 days.

Institutional Investors Weigh In On Gabelli Commercial Aerospace & Defense ETF

Large investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC acquired a new stake in Gabelli Commercial Aerospace & Defense ETF during the 1st quarter valued at $30,000. NewEdge Advisors LLC acquired a new position in shares of Gabelli Commercial Aerospace & Defense ETF in the second quarter valued at $347,000. Gabelli Funds LLC acquired a new position in shares of Gabelli Commercial Aerospace & Defense ETF in the fourth quarter valued at $696,000. Finally, Gamco Investors INC. ET AL raised its position 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 purchasing an additional 105,800 shares during the period.

Gabelli Commercial Aerospace & Defense ETF Stock Performance

Gabelli Commercial Aerospace & Defense ETF stock traded up $0.42 during midday trading on Friday, reaching $50.26. 2,781 shares of the company’s stock were exchanged, compared to its average volume of 6,475. Gabelli Commercial Aerospace & Defense ETF has a 52 week low of $43.51 and a 52 week high of $59.11. The firm has a market cap of $40.21 million, a price-to-earnings ratio of 29.49 and a beta of 0.85. The stock’s 50-day simple moving average is $54.31 and its 200 day simple moving average is $53.50.

Gabelli Commercial Aerospace & Defense ETF Company Profile

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.