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 December. As of December 31st, there was short interest totaling 18,003 shares, a drop of 99.5% from the December 15th total of 3,423,282 shares. Based on an average daily volume of 334,807 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 334,807 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC acquired a new position in shares of First Trust Indxx Aerospace & Defense ETF during the first quarter worth approximately $86,000. Geneos Wealth Management Inc. increased its stake in First Trust Indxx Aerospace & Defense ETF by 500.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,200 shares of the company’s stock valued at $36,000 after buying an additional 1,000 shares during the period. Adamsbrown Wealth Consultants LLC raised its position in shares of First Trust Indxx Aerospace & Defense ETF by 3.1% during the 2nd quarter. Adamsbrown Wealth Consultants LLC now owns 19,116 shares of the company’s stock worth $714,000 after buying an additional 570 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of First Trust Indxx Aerospace & Defense ETF by 2.2% in the second quarter. Janney Montgomery Scott LLC now owns 120,286 shares of the company’s stock valued at $4,494,000 after acquiring an additional 2,569 shares in the last quarter. Finally, Ameritas Advisory Services LLC bought a new stake in First Trust Indxx Aerospace & Defense ETF during the second quarter worth approximately $33,000.

First Trust Indxx Aerospace & Defense ETF Price Performance

NYSEARCA MISL traded up $0.25 during trading hours on Tuesday, hitting $49.02. The company had a trading volume of 67,924 shares, compared to its average volume of 385,036. The firm’s 50 day moving average is $42.19 and its 200 day moving average is $40.73. First Trust Indxx Aerospace & Defense ETF has a fifty-two week low of $26.46 and a fifty-two week high of $49.28. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 28.78 and a beta of 0.66.

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.