First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL – Get Free Report) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totaling 20,198 shares, an increase of 422.5% from the June 30th total of 3,866 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 80,179 shares, the short-interest ratio is currently 0.3 days.
First Trust Indxx Aerospace & Defense ETF Trading Up 2.0%
Shares of NYSEARCA:MISL opened at $44.33 on Monday. First Trust Indxx Aerospace & Defense ETF has a 1-year low of $37.76 and a 1-year high of $51.10. The firm has a market capitalization of $764.69 million, a PE ratio of 28.78 and a beta of 0.67. The business’s 50 day moving average is $45.48 and its 200-day moving average is $46.73.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC bought a new stake in First Trust Indxx Aerospace & Defense ETF in the 1st quarter valued at $86,000. Geneos Wealth Management Inc. lifted its holdings in shares of First Trust Indxx Aerospace & Defense ETF by 500.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,200 shares of the company’s stock worth $36,000 after acquiring an additional 1,000 shares during the period. Raymond James Financial Inc. lifted its holdings in shares of First Trust Indxx Aerospace & Defense ETF by 971.3% during the 2nd quarter. Raymond James Financial Inc. now owns 174,168 shares of the company’s stock worth $6,507,000 after acquiring an additional 157,911 shares during the period. Jane Street Group LLC bought a new position in shares of First Trust Indxx Aerospace & Defense ETF during the 2nd quarter worth about $362,000. Finally, Benjamin Edwards Inc. boosted its position in shares of First Trust Indxx Aerospace & Defense ETF by 30.2% during the 2nd quarter. Benjamin Edwards Inc. now owns 55,810 shares of the company’s stock valued at $2,085,000 after acquiring an additional 12,950 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.
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