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

First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 107,105 shares, a growth of 494.9% from the December 31st total of 18,003 shares. Based on an average trading volume of 379,229 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.3% of the company’s stock are sold short. Currently, 0.3% of the company’s stock are sold short. Based on an average trading volume of 379,229 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Nilsine Partners LLC acquired a new stake in shares of First Trust Indxx Aerospace & Defense ETF in the fourth quarter worth $22,329,000. MML Investors Services LLC grew its position in First Trust Indxx Aerospace & Defense ETF by 11.1% during the 2nd quarter. MML Investors Services LLC now owns 384,581 shares of the company’s stock worth $14,368,000 after purchasing an additional 38,270 shares during the period. Raymond James Financial Inc. raised its stake in shares of First Trust Indxx Aerospace & Defense ETF by 44.0% during the 3rd quarter. Raymond James Financial Inc. now owns 250,773 shares of the company’s stock valued at $10,395,000 after buying an additional 76,605 shares during the last quarter. Osaic Holdings Inc. raised its stake in shares of First Trust Indxx Aerospace & Defense ETF by 11.4% during the 2nd quarter. Osaic Holdings Inc. now owns 241,385 shares of the company’s stock valued at $9,018,000 after buying an additional 24,727 shares during the last quarter. Finally, Mutual Advisors LLC lifted its holdings in shares of First Trust Indxx Aerospace & Defense ETF by 2.5% in the 3rd quarter. Mutual Advisors LLC now owns 226,450 shares of the company’s stock valued at $9,755,000 after buying an additional 5,510 shares during the period.

First Trust Indxx Aerospace & Defense ETF Price Performance

Shares of NYSEARCA MISL opened at $49.70 on Wednesday. The stock has a market capitalization of $1.63 billion, a P/E ratio of 28.78 and a beta of 0.66. First Trust Indxx Aerospace & Defense ETF has a 1-year low of $26.46 and a 1-year high of $51.10. The business has a fifty day moving average price of $44.08 and a 200 day moving average price of $41.70.

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.