Short Interest in First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) Rises By 44.2%

First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) saw a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 50,817 shares, a growth of 44.2% from the February 26th total of 35,248 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 332,868 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On First Trust Indxx Aerospace & Defense ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Flagship Harbor Advisors LLC bought a new stake in shares of First Trust Indxx Aerospace & Defense ETF in the 4th quarter valued at approximately $30,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of First Trust Indxx Aerospace & Defense ETF during the 2nd quarter worth approximately $31,000. Arax Advisory Partners bought a new position in shares of First Trust Indxx Aerospace & Defense ETF during the 4th quarter worth approximately $37,000. Advisory Services Network LLC acquired a new stake in First Trust Indxx Aerospace & Defense ETF in the 3rd quarter valued at $37,000. Finally, Geneos Wealth Management Inc. boosted its stake 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 in the last quarter.

First Trust Indxx Aerospace & Defense ETF Price Performance

Shares of First Trust Indxx Aerospace & Defense ETF stock traded down $0.35 during trading on Monday, hitting $43.88. 66,964 shares of the company’s stock traded hands, compared to its average volume of 459,260. The firm’s fifty day moving average price is $48.51 and its 200 day moving average price is $44.54. First Trust Indxx Aerospace & Defense ETF has a twelve month low of $26.46 and a twelve month high of $51.10. The company has a market cap of $1.31 billion, a PE ratio of 28.78 and a beta of 0.66.

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.