First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) Short Interest Update

First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 41,146 shares, a growth of 386.6% from the August 31st total of 8,456 shares. Based on an average daily trading volume, of 72,317 shares, the short-interest ratio is presently 0.6 days. Approximately 0.2% of the company’s shares are short sold.

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

Institutional investors have recently made changes to their positions in the stock. Pinnacle Bancorp Inc. acquired a new position in First Trust Indxx Aerospace & Defense ETF in the first quarter valued at about $36,000. Harbour Investments Inc. increased its stake in shares of First Trust Indxx Aerospace & Defense ETF by 70.9% in the 4th quarter. Harbour Investments Inc. now owns 1,205 shares of the company’s stock valued at $52,000 after acquiring an additional 500 shares during the last quarter. Parallel Advisors LLC raised its position in shares of First Trust Indxx Aerospace & Defense ETF by 370.0% in the 1st quarter. Parallel Advisors LLC now owns 2,350 shares of the company’s stock valued at $105,000 after acquiring an additional 1,850 shares during the period. Stephens Inc. AR acquired a new stake in shares of First Trust Indxx Aerospace & Defense ETF in the 1st quarter valued at approximately $221,000. Finally, Sanctuary Advisors LLC bought a new position in First Trust Indxx Aerospace & Defense ETF during the 1st quarter worth approximately $228,000.

First Trust Indxx Aerospace & Defense ETF Stock Performance

Shares of MISL stock opened at $42.73 on Friday. The firm’s 50 day moving average price is $44.28 and its two-hundred day moving average price is $45.32. First Trust Indxx Aerospace & Defense ETF has a 52-week low of $38.84 and a 52-week high of $51.10. The stock has a market cap of $709.25 million, a PE ratio of 28.78 and a beta of 0.69.

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.