Short Interest in First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) Drops By 91.4%

First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) saw a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 9,251 shares, a drop of 91.4% from the January 15th total of 107,105 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 754,433 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 754,433 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. B. Riley Wealth Advisors Inc. lifted its position in First Trust Indxx Aerospace & Defense ETF by 1.2% during the third quarter. B. Riley Wealth Advisors Inc. now owns 26,764 shares of the company’s stock valued at $1,109,000 after purchasing an additional 305 shares during the last quarter. Prospera Financial Services Inc raised its position in shares of First Trust Indxx Aerospace & Defense ETF by 4.2% during the 2nd quarter. Prospera Financial Services Inc now owns 9,330 shares of the company’s stock valued at $349,000 after buying an additional 375 shares in the last quarter. Retirement Planning Group LLC lifted its holdings in shares of First Trust Indxx Aerospace & Defense ETF by 4.0% during the 4th quarter. Retirement Planning Group LLC now owns 11,371 shares of the company’s stock worth $487,000 after acquiring an additional 433 shares during the last quarter. Assetmark Inc. grew its position in First Trust Indxx Aerospace & Defense ETF by 75.4% in the second quarter. Assetmark Inc. now owns 1,096 shares of the company’s stock worth $41,000 after acquiring an additional 471 shares in the last quarter. Finally, Harbour Investments Inc. grew its position in 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 worth $52,000 after acquiring an additional 500 shares in the last quarter.

First Trust Indxx Aerospace & Defense ETF Price Performance

NYSEARCA MISL traded down $0.67 during trading on Tuesday, reaching $48.53. The company’s stock had a trading volume of 199,397 shares, compared to its average volume of 467,230. The stock has a market capitalization of $1.45 billion, a PE ratio of 28.78 and a beta of 0.66. The firm has a fifty day moving average of $45.81 and a 200 day moving average of $42.38. First Trust Indxx Aerospace & Defense ETF has a one year low of $26.46 and a one year high of $51.10.

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.