GCAD Stock Summary and Trading Ideas (Gabelli Commercial Aerospace & Defense ETF | ARCA:GCAD)

Gabelli Commercial Aerospace & Defense ETF seeks to invest in Aerospace companies that include manufacturers, assemblers, and distributors of aircraft and aircraft parts. Defense companies include producers of components and equipment for the defense industry, such as military aircraft, radar equipment, and weapons. Income-producing equity securities include U.S. exchange-listed common stock and preferred stock.

Gabelli Commercial Aerospace & Defense ETF trades on the ARCA stock market under the symbol GCAD.

As of April 25, 2024, GCAD stock price declined to $29.65 with 100 million shares trading.

GCAD has a market cap of $5.19 million. This is considered a Sub-Micro Cap stock.

GCAD has outperformed the market in the last year with a price return of +25.1% while the SPY ETF gained +22.4%. GCAD has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +5.5% and +0.5%, respectively, while the SPY returned +3.0% and -3.1%, respectively.

GCAD support price is $29.27 and resistance is $30.56 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GCAD stock will trade within this expected range on the day.