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Business Wire (Thu, 21-Mar 5:09 PM ET)
The Global X Defense Tech ETF (SHLD) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Global X Defense Tech Index. The Global X Defense Tech ETF (SHLD) seeks to invest in companies positioned to benefit from the increased adoption and utilization of defense technology ("Defense Tech"). This includes companies that build and manage cybersecurity systems, utilize artificial intelligence and big data, and build advanced military systems and hardware such as robotics, fuel systems, and aircrafts for defense applications. Country listed in Developed or Emerging Markets, excluding China (A and B Shares), India, Kuwait, Pakistan, Russia, and Saudi Arabia.
Global X Funds Global X Defense Tech ETF trades on the ARCA stock market under the symbol SHLD.
As of April 22, 2024, SHLD stock price climbed to $32.26 with 40,507 million shares trading.
SHLD has a beta of 0.75, meaning it tends to be less sensitive to market movements. SHLD has a correlation of 0.34 to the broad based SPY ETF.
SHLD has a market cap of $49.04 million. This is considered a Sub-Micro Cap stock.
SHLD support price is $31.81 and resistance is $32.45 (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 SHLD stock will trade within this expected range on the day.