Short Interest in First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) Decreases By 75.3%

First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) was the recipient of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 35,248 shares, a drop of 75.3% from the February 12th total of 142,939 shares. Based on an average daily volume of 865,525 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 865,525 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MISL. NewEdge Advisors LLC acquired a new position in First Trust Indxx Aerospace & Defense ETF in the first quarter valued at $86,000. Geneos Wealth Management Inc. grew its holdings in First Trust Indxx Aerospace & Defense ETF by 500.0% in 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. Assetmark Inc. increased its stake in shares of First Trust Indxx Aerospace & Defense ETF by 75.4% during the 2nd quarter. Assetmark Inc. now owns 1,096 shares of the company’s stock valued at $41,000 after acquiring an additional 471 shares during the last quarter. Prospera Financial Services Inc increased its stake in shares of First Trust Indxx Aerospace & Defense ETF by 4.2% during the 2nd quarter. Prospera Financial Services Inc now owns 9,330 shares of the company’s stock valued at $349,000 after acquiring an additional 375 shares during the last quarter. Finally, CreativeOne Wealth LLC purchased a new position in shares of First Trust Indxx Aerospace & Defense ETF during the 2nd quarter worth about $206,000.

First Trust Indxx Aerospace & Defense ETF Trading Down 0.2%

Shares of MISL stock traded down $0.11 during mid-day trading on Friday, reaching $47.18. The stock had a trading volume of 25,413 shares, compared to its average volume of 504,207. First Trust Indxx Aerospace & Defense ETF has a 12-month low of $26.46 and a 12-month high of $51.10. The company has a market cap of $1.41 billion, a P/E ratio of 28.78 and a beta of 0.66. The business has a 50-day simple moving average of $48.82 and a 200 day simple moving average of $43.90.

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.