Global X Defense Tech ETF (NYSEARCA:SHLD – Get Free Report) shares saw an uptick in trading volume on Tuesday . 5,257,662 shares traded hands during trading, an increase of 199% from the previous session’s volume of 1,755,748 shares.The stock last traded at $61.94 and had previously closed at $63.18.
Global X Defense Tech ETF Trading Up 0.1%
The stock has a 50-day moving average price of $64.70 and a two-hundred day moving average price of $66.54. The stock has a market cap of $6.92 billion, a price-to-earnings ratio of -5.14 and a beta of 0.27.
Institutional Trading of Global X Defense Tech ETF
Several large investors have recently bought and sold shares of the stock. Financial Life Planners acquired a new position in shares of Global X Defense Tech ETF in the 1st quarter valued at $26,000. CX Institutional purchased a new position in shares of Global X Defense Tech ETF in the second quarter worth about $29,000. Evolution Wealth Management Inc. raised its stake in shares of Global X Defense Tech ETF by 57.0% in the first quarter. Evolution Wealth Management Inc. now owns 793 shares of the company’s stock worth $56,000 after purchasing an additional 288 shares during the last quarter. Markowski Investments acquired a new stake in shares of Global X Defense Tech ETF during the second quarter worth about $77,000. Finally, XP Advisory US Inc. acquired a new stake in shares of Global X Defense Tech ETF during the second quarter worth about $93,000. Hedge funds and other institutional investors own 57.57% of the company’s stock.
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. SHLD was launched on Sep 11, 2023 and is issued by Global X.
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