Short Interest in First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) Grows By 1,445.1%

First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) was the recipient of a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 142,939 shares, an increase of 1,445.1% from the January 29th total of 9,251 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily volume of 271,774 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 271,774 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.5% of the shares of the company are short sold.

Hedge Funds Weigh In On First Trust Indxx Aerospace & Defense ETF

Institutional investors have recently modified their holdings of the business. First Trust Advisors LP acquired a new stake in First Trust Indxx Aerospace & Defense ETF during the 4th quarter worth $795,568,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of First Trust Indxx Aerospace & Defense ETF in the fourth quarter valued at about $119,812,000. LPL Financial LLC boosted its stake in shares of First Trust Indxx Aerospace & Defense ETF by 42.5% during the fourth quarter. LPL Financial LLC now owns 634,032 shares of the company’s stock worth $27,130,000 after buying an additional 189,250 shares during the period. Nilsine Partners LLC acquired a new stake in shares of First Trust Indxx Aerospace & Defense ETF during the fourth quarter worth about $22,329,000. Finally, Advisory Services Network LLC grew its holdings in shares of First Trust Indxx Aerospace & Defense ETF by 48,689.2% during the fourth quarter. Advisory Services Network LLC now owns 439,591 shares of the company’s stock worth $18,810,000 after buying an additional 438,690 shares during the last quarter.

First Trust Indxx Aerospace & Defense ETF Stock Down 1.6%

NYSEARCA:MISL traded down $0.81 during mid-day trading on Wednesday, reaching $48.94. 218,233 shares of the stock were exchanged, compared to its average volume of 422,990. The stock has a market capitalization of $1.47 billion, a P/E ratio of 28.78 and a beta of 0.66. First Trust Indxx Aerospace & Defense ETF has a 1 year low of $26.46 and a 1 year high of $51.10. The company has a 50 day simple moving average of $47.31 and a 200-day simple moving average of $43.08.

First Trust Indxx Aerospace & Defense ETF Company Profile

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.