Defense ETF (SHLD) Hits New 52-Week High

For investors seeking momentum, Global X Defense Tech ETF (SHLD) is probably on the radar. The fund just hit a 52-week high and is up 105.98% from its 52-week low price of $36.61/share.But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea of where it might be headed:SHLD in FocusThe underlying Global X Defense Tech Index seeks to provide exposure to defense technology companies that are positioned to benefit from technology, servic ...