First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL – Get Free Report) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 9,255 shares, a decrease of 77.5% from the September 15th total of 41,146 shares. Based on an average trading volume of 90,243 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.
First Trust Indxx Aerospace & Defense ETF Stock Performance
Shares of NYSEARCA:MISL traded down $0.72 during trading hours on Tuesday, hitting $41.44. 36,292 shares of the company’s stock traded hands, compared to its average volume of 320,472. First Trust Indxx Aerospace & Defense ETF has a 52 week low of $38.84 and a 52 week high of $51.10. The company’s fifty day simple moving average is $44.01 and its two-hundred day simple moving average is $44.87. The company has a market cap of $764.55 million, a price-to-earnings ratio of 28.78 and a beta of 0.71.
Hedge Funds Weigh In On First Trust Indxx Aerospace & Defense ETF
A number of hedge funds have recently modified their holdings of the stock. Pinnacle Bancorp Inc. purchased a new stake in First Trust Indxx Aerospace & Defense ETF during the first quarter valued at about $36,000. Parallel Advisors LLC increased its position in shares of First Trust Indxx Aerospace & Defense ETF by 370.0% in the first quarter. Parallel Advisors LLC now owns 2,350 shares of the company’s stock worth $105,000 after acquiring an additional 1,850 shares in the last quarter. Stephens Inc. AR purchased a new position in shares of First Trust Indxx Aerospace & Defense ETF in the first quarter worth approximately $221,000. Sanctuary Advisors LLC acquired a new stake in shares of First Trust Indxx Aerospace & Defense ETF during the first quarter valued at approximately $228,000. Finally, BIP Wealth LLC acquired a new stake in shares of First Trust Indxx Aerospace & Defense ETF during the first quarter valued at approximately $237,000.
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.
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