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

First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISLGet Free Report) saw a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 3,866 shares, a growth of 77.6% from the June 15th total of 2,177 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 116,333 shares, the short-interest ratio is currently 0.0 days.

First Trust Indxx Aerospace & Defense ETF Stock Down 2.4%

First Trust Indxx Aerospace & Defense ETF stock opened at $42.72 on Friday. The stock has a 50-day simple moving average of $45.78 and a 200 day simple moving average of $46.77. The stock has a market capitalization of $736.92 million, a price-to-earnings ratio of 28.78 and a beta of 0.67. First Trust Indxx Aerospace & Defense ETF has a 12-month low of $37.76 and a 12-month high of $51.10.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. IFP Advisors Inc boosted its holdings in First Trust Indxx Aerospace & Defense ETF by 1,037.2% in the third quarter. IFP Advisors Inc now owns 46,069 shares of the company’s stock valued at $1,910,000 after acquiring an additional 42,018 shares during the last quarter. Trust Co. of Oklahoma acquired a new position in First Trust Indxx Aerospace & Defense ETF during the 4th quarter valued at about $1,406,000. TriaGen Wealth Management LLC bought a new position in shares of First Trust Indxx Aerospace & Defense ETF in the 4th quarter valued at about $1,449,000. 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. Finally, World Investment Advisors acquired a new stake in shares of First Trust Indxx Aerospace & Defense ETF during the 4th quarter worth approximately $5,063,000.

First Trust Indxx Aerospace & Defense ETF Company Profile

(Get Free Report)

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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