Short Interest in First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) Increases By 32,125.2%

First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totaling 3,423,282 shares, an increase of 32,125.2% from the November 30th total of 10,623 shares. Currently, 66.5% of the company’s shares are short sold. Based on an average daily volume of 3,160,446 shares, the days-to-cover ratio is currently 1.1 days. Based on an average daily volume of 3,160,446 shares, the days-to-cover ratio is currently 1.1 days. Currently, 66.5% of the company’s shares are short sold.

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

A number of large investors have recently bought and sold shares of MISL. Twin Peaks Wealth Advisors LLC acquired a new position in shares of First Trust Indxx Aerospace & Defense ETF during the second quarter valued at about $31,000. Ameritas Advisory Services LLC bought a new stake in First Trust Indxx Aerospace & Defense ETF in the 2nd quarter valued at about $33,000. Advisory Services Network LLC acquired a new position in First Trust Indxx Aerospace & Defense ETF during the 3rd quarter worth approximately $37,000. Assetmark Inc. raised its stake in First Trust Indxx Aerospace & Defense ETF by 75.4% during the 2nd quarter. Assetmark Inc. now owns 1,096 shares of the company’s stock worth $41,000 after buying an additional 471 shares during the period. Finally, Geneos Wealth Management Inc. increased its holdings in shares of First Trust Indxx Aerospace & Defense ETF by 500.0% during the first quarter. Geneos Wealth Management Inc. now owns 1,200 shares of the company’s stock valued at $36,000 after acquiring an additional 1,000 shares in the last quarter.

First Trust Indxx Aerospace & Defense ETF Stock Performance

First Trust Indxx Aerospace & Defense ETF stock opened at $43.89 on Friday. The stock has a market capitalization of $226.03 million, a price-to-earnings ratio of 28.78 and a beta of 0.66. First Trust Indxx Aerospace & Defense ETF has a 52-week low of $26.46 and a 52-week high of $44.11. The stock’s 50 day moving average price is $41.66 and its two-hundred day moving average price is $39.88.

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.