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

Gabelli Commercial Aerospace & Defense ETF (NYSEARCA:GCAD) saw a large increase in short interest in 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. Approximately 0.7% of the company’s stock are sold short. Based on an average daily volume of 8,905 shares, the short-interest ratio is presently 0.7 days.

Institutional Investors Weigh In On Gabelli Commercial Aerospace & Defense ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Parallel Advisors LLC bought a new position in Gabelli Commercial Aerospace & Defense ETF in the 1st quarter valued at approximately $30,000. NewEdge Advisors LLC bought a new position in shares of Gabelli Commercial Aerospace & Defense ETF during the second quarter valued at $347,000. Gabelli Funds LLC purchased a new stake in shares of Gabelli Commercial Aerospace & Defense ETF during the fourth quarter valued at $696,000. Finally, Gamco Investors INC. ET AL boosted its position 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 valued at $8,774,000 after buying an additional 22,235 shares during the last quarter.

Gabelli Commercial Aerospace & Defense ETF Price Performance

GCAD stock traded up $0.42 during trading on Friday, hitting $50.26. 2,781 shares of the stock traded hands, compared to its average volume of 6,475. The stock has a market cap of $40.21 million, a price-to-earnings ratio of 29.49 and a beta of 0.85. Gabelli Commercial Aerospace & Defense ETF has a 1 year low of $43.51 and a 1 year high of $59.11. The firm’s 50 day moving average is $54.31 and its two-hundred day 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.