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

First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 8,456 shares, a drop of 63.9% from the August 15th total of 23,402 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 81,036 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On First Trust Indxx Aerospace & Defense ETF

Hedge funds have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC acquired a new position in shares of First Trust Indxx Aerospace & Defense ETF in the second quarter valued at approximately $277,000. RFG Advisory LLC bought a new position in shares of First Trust Indxx Aerospace & Defense ETF during the second quarter worth approximately $1,362,000. IFP Advisors Inc lifted its holdings in First Trust Indxx Aerospace & Defense ETF by 113.0% during the 2nd quarter. IFP Advisors Inc now owns 101,253 shares of the company’s stock worth $4,634,000 after purchasing an additional 53,706 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in First Trust Indxx Aerospace & Defense ETF by 129.2% during the 2nd quarter. Baird Financial Group Inc. now owns 17,218 shares of the company’s stock worth $788,000 after purchasing an additional 9,707 shares during the last quarter. Finally, Triumph Capital Management boosted its stake in First Trust Indxx Aerospace & Defense ETF by 8,311.2% in the 2nd quarter. Triumph Capital Management now owns 9,000 shares of the company’s stock valued at $412,000 after purchasing an additional 8,893 shares during the period.

First Trust Indxx Aerospace & Defense ETF Stock Performance

Shares of MISL stock traded up $0.29 during midday trading on Friday, hitting $42.58. 138,621 shares of the company were exchanged, compared to its average volume of 350,633. First Trust Indxx Aerospace & Defense ETF has a 52 week low of $38.84 and a 52 week high of $51.10. The firm has a market capitalization of $721.73 million, a P/E ratio of 28.78 and a beta of 0.69. The firm’s 50 day moving average price is $44.63 and its two-hundred day moving average price is $45.79.

About First Trust Indxx Aerospace & Defense ETF

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.