First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) Sees Large Increase in Short Interest

First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 107,105 shares, a growth of 494.9% from the December 31st total of 18,003 shares. Based on an average daily volume of 379,229 shares, the short-interest ratio is presently 0.3 days. Currently, 0.3% of the company’s stock are sold short. Currently, 0.3% of the company’s stock are sold short. Based on an average daily volume of 379,229 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On First Trust Indxx Aerospace & Defense ETF

Several large investors have recently added to or reduced their stakes in MISL. NewEdge Advisors LLC acquired a new position in First Trust Indxx Aerospace & Defense ETF in the first quarter worth $86,000. Geneos Wealth Management Inc. lifted its position in shares of First Trust Indxx Aerospace & Defense ETF by 500.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,200 shares of the company’s stock worth $36,000 after buying an additional 1,000 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of First Trust Indxx Aerospace & Defense ETF by 2.2% in the 2nd quarter. Janney Montgomery Scott LLC now owns 120,286 shares of the company’s stock valued at $4,494,000 after buying an additional 2,569 shares during the period. Ameritas Advisory Services LLC bought a new stake in shares of First Trust Indxx Aerospace & Defense ETF during the 2nd quarter valued at about $33,000. Finally, Clear Creek Financial Management LLC bought a new stake in shares of First Trust Indxx Aerospace & Defense ETF during the 2nd quarter valued at about $1,755,000.

First Trust Indxx Aerospace & Defense ETF Trading Down 0.3%

First Trust Indxx Aerospace & Defense ETF stock traded down $0.14 during midday trading on Thursday, hitting $49.47. The stock had a trading volume of 124,949 shares, compared to its average volume of 590,771. The business has a fifty day moving average price of $44.48 and a 200 day moving average price of $41.81. First Trust Indxx Aerospace & Defense ETF has a 12 month low of $26.46 and a 12 month high of $51.10. The stock has a market cap of $1.62 billion, a P/E ratio of 28.78 and a beta of 0.66.

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.