Global X Defense Tech ETF (NYSEARCA:SHLD) Sees Significant Drop in Short Interest

Global X Defense Tech ETF (NYSEARCA:SHLD) was the target of a significant decline in short interest in May. As of May 31st, there was short interest totalling 180,800 shares, a decline of 78.6% from the May 15th total of 845,200 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily trading volume, of 807,300 shares, the days-to-cover ratio is presently 0.2 days.

Global X Defense Tech ETF Price Performance

Shares of NYSEARCA SHLD opened at $57.25 on Thursday. The company has a market cap of $2.15 billion, a PE ratio of 30.55 and a beta of 0.62. Global X Defense Tech ETF has a 12 month low of $32.42 and a 12 month high of $59.24. The company has a 50-day simple moving average of $52.77 and a 200-day simple moving average of $45.22.

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.