First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) Short Interest Update

First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totaling 8,456 shares, a drop of 63.9% from the August 15th total of 23,402 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 81,036 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of First Trust Indxx Aerospace & Defense ETF

A number of hedge funds have recently made changes to their positions in the business. Pinnacle Bancorp Inc. acquired a new position in shares of First Trust Indxx Aerospace & Defense ETF during the 1st quarter worth approximately $36,000. Arax Advisory Partners bought a new position in First Trust Indxx Aerospace & Defense ETF during the fourth quarter worth $37,000. Advisory Services Network LLC bought a new position in First Trust Indxx Aerospace & Defense ETF during the third quarter worth $37,000. Geneos Wealth Management Inc. increased its holdings in shares of First Trust Indxx Aerospace & Defense ETF by 500.0% in the first quarter. Geneos Wealth Management Inc. now owns 1,200 shares of the company’s stock valued at $36,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Harbour Investments Inc. increased its holdings in shares of First Trust Indxx Aerospace & Defense ETF by 70.9% in the fourth quarter. Harbour Investments Inc. now owns 1,205 shares of the company’s stock valued at $52,000 after purchasing an additional 500 shares during the last quarter.

First Trust Indxx Aerospace & Defense ETF Stock Performance

NYSEARCA:MISL traded up $0.29 during mid-day trading on Friday, hitting $42.58. The stock had a trading volume of 138,621 shares, compared to its average volume of 350,633. First Trust Indxx Aerospace & Defense ETF has a twelve month low of $38.84 and a twelve month high of $51.10. The stock has a market cap of $721.73 million, a price-to-earnings ratio of 28.78 and a beta of 0.69. The company’s 50 day simple moving average is $44.63 and its 200 day simple moving average is $45.79.

First Trust Indxx Aerospace & Defense ETF Company Profile

The First Trust Indxx Aerospace & Defense ETF (MISL) is an exchange-traded fund that is based on the Indxx US Aerospace & Defense index. The fund tracks a market cap-weighted index of 50 US companies involved in advanced and traditional aerospace and defense. MISL was launched on Oct 25, 2022 and is managed by First Trust.