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

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Harel Insurance Investments & Financial Services Ltd. acquired a new position in First Trust Indxx Aerospace & Defense ETF in the fourth quarter valued at approximately $119,812,000. World Investment Advisors acquired a new position in shares of First Trust Indxx Aerospace & Defense ETF in the 4th quarter valued at $5,063,000. Private Advisor Group LLC boosted its position in shares of First Trust Indxx Aerospace & Defense ETF by 38.8% in the 1st quarter. Private Advisor Group LLC now owns 48,225 shares of the company’s stock worth $2,156,000 after purchasing an additional 13,485 shares during the last quarter. Kestra Advisory Services LLC increased its holdings in First Trust Indxx Aerospace & Defense ETF by 1,577.6% in the first quarter. Kestra Advisory Services LLC now owns 368,535 shares of the company’s stock valued at $16,477,000 after purchasing an additional 346,567 shares during the last quarter. Finally, Tudor Financial Inc. acquired a new position in First Trust Indxx Aerospace & Defense ETF in the fourth quarter valued at about $852,000.

First Trust Indxx Aerospace & Defense ETF Stock Performance

NYSEARCA MISL opened at $44.14 on Tuesday. The stock has a market capitalization of $748.17 million, a P/E 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. The stock has a fifty day moving average of $45.00 and a 200-day moving average of $46.12.

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.