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

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

First Trust Indxx Aerospace & Defense ETF Stock Up 0.3%

Shares of MISL stock opened at $42.73 on Friday. First Trust Indxx Aerospace & Defense ETF has a 12-month low of $38.84 and a 12-month high of $51.10. The firm has a market capitalization of $709.25 million, a price-to-earnings ratio of 28.78 and a beta of 0.69. The firm has a fifty day moving average of $44.28 and a 200-day moving average of $45.32.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MISL. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of First Trust Indxx Aerospace & Defense ETF by 41.2% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,953,000 shares of the company’s stock worth $176,739,000 after acquiring an additional 1,153,000 shares in the last quarter. WCG Wealth Advisors LLC bought a new stake in First Trust Indxx Aerospace & Defense ETF during the 4th quarter worth approximately $17,189,000. Kestra Advisory Services LLC raised its holdings in First Trust Indxx Aerospace & Defense ETF by 1,577.6% during the 1st quarter. Kestra Advisory Services LLC now owns 368,535 shares of the company’s stock worth $16,477,000 after buying an additional 346,567 shares during the period. Royal Bank of Canada lifted its stake in First Trust Indxx Aerospace & Defense ETF by 134.6% in the first quarter. Royal Bank of Canada now owns 182,978 shares of the company’s stock valued at $8,181,000 after buying an additional 104,982 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in First Trust Indxx Aerospace & Defense ETF by 7.2% in the second quarter. Envestnet Asset Management Inc. now owns 160,686 shares of the company’s stock valued at $7,355,000 after buying an additional 10,842 shares in the last quarter.

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.