First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) Sees Large Increase in Short Interest

First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 23,402 shares, a growth of 85.9% from the July 30th total of 12,588 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 82,603 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of First Trust Indxx Aerospace & Defense ETF

Institutional investors have recently made changes to their positions in the stock. Retirement Planning Group LLC lifted its holdings in shares of First Trust Indxx Aerospace & Defense ETF by 4.0% during the 4th quarter. Retirement Planning Group LLC now owns 11,371 shares of the company’s stock valued at $487,000 after buying an additional 433 shares during the last quarter. Harbour Investments Inc. increased its holdings in First Trust Indxx Aerospace & Defense ETF by 70.9% in the fourth quarter. Harbour Investments Inc. now owns 1,205 shares of the company’s stock worth $52,000 after buying an additional 500 shares during the last quarter. Sigma Planning Corp increased its holdings in First Trust Indxx Aerospace & Defense ETF by 1.0% in the first quarter. Sigma Planning Corp now owns 61,324 shares of the company’s stock worth $2,742,000 after buying an additional 606 shares during the last quarter. Kestra Advisory Services LLC raised its position in First Trust Indxx Aerospace & Defense ETF by 3.0% during the fourth quarter. Kestra Advisory Services LLC now owns 21,968 shares of the company’s stock valued at $940,000 after acquiring an additional 632 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in First Trust Indxx Aerospace & Defense ETF by 44.1% during the fourth quarter. Farther Finance Advisors LLC now owns 2,158 shares of the company’s stock valued at $92,000 after acquiring an additional 660 shares in the last quarter.

First Trust Indxx Aerospace & Defense ETF Price Performance

First Trust Indxx Aerospace & Defense ETF stock traded down $0.50 during mid-day trading on Monday, hitting $44.14. The company’s stock had a trading volume of 52,492 shares, compared to its average volume of 363,756. The firm’s 50 day moving average is $45.00 and its 200 day moving average is $46.12. The company has a market cap of $748.17 million, a PE ratio of 28.78 and a beta of 0.69. First Trust Indxx Aerospace & Defense ETF has a 52-week low of $38.17 and a 52-week high of $51.10.

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.