Short Interest in First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) Expands By 83.4%

First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 93,193 shares, an increase of 83.4% from the March 15th total of 50,817 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 221,895 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. increased its position in First Trust Indxx Aerospace & Defense ETF by 1.2% during the third quarter. B. Riley Wealth Advisors Inc. now owns 26,764 shares of the company’s stock worth $1,109,000 after buying an additional 305 shares during the period. Retirement Planning Group LLC increased its position in First Trust Indxx Aerospace & Defense ETF by 4.0% during the fourth quarter. Retirement Planning Group LLC now owns 11,371 shares of the company’s stock worth $487,000 after buying an additional 433 shares during the period. Harbour Investments Inc. increased its position in First Trust Indxx Aerospace & Defense ETF by 70.9% during the fourth quarter. Harbour Investments Inc. now owns 1,205 shares of the company’s stock worth $52,000 after buying an additional 500 shares during the period. Kestra Advisory Services LLC increased its position in First Trust Indxx Aerospace & Defense ETF by 3.0% during the fourth quarter. Kestra Advisory Services LLC now owns 21,968 shares of the company’s stock worth $940,000 after buying an additional 632 shares during the period. Finally, Farther Finance Advisors LLC increased its position in First Trust Indxx Aerospace & Defense ETF by 44.1% during the fourth quarter. Farther Finance Advisors LLC now owns 2,158 shares of the company’s stock worth $92,000 after buying an additional 660 shares during the period.

First Trust Indxx Aerospace & Defense ETF Price Performance

MISL opened at $46.73 on Monday. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of 28.78 and a beta of 0.75. First Trust Indxx Aerospace & Defense ETF has a 52 week low of $29.23 and a 52 week high of $51.10. The business’s 50 day moving average is $47.74 and its two-hundred day moving average is $44.97.

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.