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

First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 3,866 shares, an increase of 77.6% from the June 15th total of 2,177 shares. Based on an average trading volume of 116,333 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

First Trust Indxx Aerospace & Defense ETF Stock Down 2.4%

NYSEARCA MISL opened at $42.72 on Friday. First Trust Indxx Aerospace & Defense ETF has a 12-month low of $37.76 and a 12-month high of $51.10. The company has a market capitalization of $736.92 million, a PE ratio of 28.78 and a beta of 0.67. The firm’s 50 day moving average is $45.78 and its 200-day moving average is $46.77.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in MISL. First Trust Advisors LP acquired a new stake in First Trust Indxx Aerospace & Defense ETF in the 4th quarter valued at $795,568,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of First Trust Indxx Aerospace & Defense ETF in the 4th quarter valued at about $119,812,000. Nilsine Partners LLC acquired a new stake in shares of First Trust Indxx Aerospace & Defense ETF in the fourth quarter valued at about $22,329,000. Advisory Services Network LLC increased its position in shares of First Trust Indxx Aerospace & Defense ETF by 48,689.2% in the fourth quarter. Advisory Services Network LLC now owns 439,591 shares of the company’s stock valued at $18,810,000 after acquiring an additional 438,690 shares during the last quarter. Finally, NewEdge Advisors LLC raised its holdings in First Trust Indxx Aerospace & Defense ETF by 14,898.1% during the fourth quarter. NewEdge Advisors LLC now owns 427,447 shares of the company’s stock worth $18,290,000 after acquiring an additional 424,597 shares in the last quarter.

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.