First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) Stock Short Interest Jumps 786.0%

First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL – Get Free Report) was the recipient of a large growth in short interest in October. As of October 30th, there was short interest totaling 71,279 shares, a growth of 786.0% from the October 15th total of 8,045 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 101,189 shares, the short-interest ratio is presently 0.7 days.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of MISL. Parallel Advisors LLC grew its holdings in 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 purchasing an additional 1,850 shares during the period. Harbour Investments Inc. bought a new stake in First Trust Indxx Aerospace & Defense ETF in the third quarter valued at $108,000. Stephens Inc. AR bought a new stake in First Trust Indxx Aerospace & Defense ETF in the first quarter valued at $221,000. Sanctuary Advisors LLC bought a new stake in First Trust Indxx Aerospace & Defense ETF in the first quarter valued at $228,000. Finally, Park Avenue Securities LLC acquired a new position in shares of First Trust Indxx Aerospace & Defense ETF during the third quarter valued at about $213,000.

First Trust Indxx Aerospace & Defense ETF Stock Performance

Shares of MISL stock traded down $0.81 during trading hours on Thursday, hitting $42.08. 105,261 shares of the company were exchanged, compared to its average volume of 316,778. The firm has a market cap of $523.90 million, a P/E ratio of 28.51 and a beta of 0.71. First Trust Indxx Aerospace & Defense ETF has a fifty-two week low of $38.84 and a fifty-two week high of $51.10. The company has a 50 day simple moving average of $42.01 and a two-hundred day simple moving average of $45.23.

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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