Gabelli Commercial Aerospace & Defense ETF (NYSEARCA:GCAD) Short Interest Down 45.7% in April

Gabelli Commercial Aerospace & Defense ETF (NYSEARCA:GCAD) was the target of a large decline in short interest in April. As of April 30th, there was short interest totaling 1,365 shares, a decline of 45.7% from the April 15th total of 2,514 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 3,020 shares, the short-interest ratio is currently 0.5 days.

Gabelli Commercial Aerospace & Defense ETF Trading Down 3.1%

Shares of NYSEARCA:GCAD traded down $1.64 on Friday, reaching $50.74. The company had a trading volume of 15,350 shares, compared to its average volume of 5,315. Gabelli Commercial Aerospace & Defense ETF has a 52-week low of $37.85 and a 52-week high of $56.99. The firm’s 50 day simple moving average is $51.77 and its 200-day simple moving average is $50.04. The firm has a market capitalization of $30.44 million, a PE ratio of 29.49 and a beta of 0.86.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC purchased a new position in shares of Gabelli Commercial Aerospace & Defense ETF in the 1st quarter valued at $30,000. Gabelli Funds LLC purchased a new position in shares of Gabelli Commercial Aerospace & Defense ETF in the 4th quarter valued at $696,000. Finally, Gamco Investors INC. ET AL raised its stake in shares of Gabelli Commercial Aerospace & Defense ETF by 218.6% during the 4th quarter. Gamco Investors INC. ET AL now owns 154,194 shares of the company’s stock worth $7,158,000 after acquiring an additional 105,800 shares in the last quarter.

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.