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

First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 8,456 shares, a decline of 63.9% from the August 15th total of 23,402 shares. Based on an average daily volume of 81,036 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

First Trust Indxx Aerospace & Defense ETF Stock Down 1.1%

First Trust Indxx Aerospace & Defense ETF stock traded down $0.48 during mid-day trading on Tuesday, reaching $41.96. 24,460 shares of the company’s stock were exchanged, compared to its average volume of 347,024. First Trust Indxx Aerospace & Defense ETF has a one year low of $38.84 and a one year high of $51.10. The firm has a market capitalization of $711.29 million, a PE ratio of 28.78 and a beta of 0.69. The business’s fifty day simple moving average is $44.54 and its 200 day simple moving average is $45.72.

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

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

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.