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

Gabelli Commercial Aerospace & Defense ETF (NYSEARCA:GCAD) was the target of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 3,800 shares, a decrease of 37.7% from the August 31st total of 6,100 shares. Based on an average daily trading volume, of 2,400 shares, the days-to-cover ratio is currently 1.6 days. Based on an average daily trading volume, of 2,400 shares, the days-to-cover ratio is currently 1.6 days.

Gabelli Commercial Aerospace & Defense ETF Stock Up 0.2%

NYSEARCA GCAD opened at $45.69 on Friday. Gabelli Commercial Aerospace & Defense ETF has a 52 week low of $25.00 and a 52 week high of $47.64. The company has a market capitalization of $11.42 million, a P/E ratio of 29.49 and a beta of 1.07. The stock’s 50-day moving average price is $43.58 and its 200-day moving average price is $39.87.

Hedge Funds Weigh In On Gabelli Commercial Aerospace & Defense ETF

A hedge fund recently raised its stake in Gabelli Commercial Aerospace & Defense ETF stock. Gamco Investors INC. ET AL grew its position in Gabelli Commercial Aerospace & Defense ETF (NYSEARCA:GCAD) by 7.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 119,752 shares of the company’s stock after purchasing an additional 8,452 shares during the quarter. Gamco Investors INC. ET AL owned approximately 55.70% of Gabelli Commercial Aerospace & Defense ETF worth $4,070,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.