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

First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 3,866 shares, a growth of 77.6% from the June 15th total of 2,177 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 116,333 shares, the short-interest ratio is presently 0.0 days.

First Trust Indxx Aerospace & Defense ETF Stock Performance

Shares of NYSEARCA MISL opened at $42.53 on Friday. The firm’s 50 day moving average price is $45.73 and its 200-day moving average price is $46.74. First Trust Indxx Aerospace & Defense ETF has a 52-week low of $37.76 and a 52-week high of $51.10. The company has a market cap of $733.64 million, a PE ratio of 28.78 and a beta of 0.67.

Hedge Funds Weigh In On First Trust Indxx Aerospace & Defense ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MISL. NewEdge Advisors LLC bought a new stake in shares of First Trust Indxx Aerospace & Defense ETF in the 1st quarter worth $86,000. Geneos Wealth Management Inc. raised its stake in shares of First Trust Indxx Aerospace & Defense ETF by 500.0% in the first quarter. Geneos Wealth Management Inc. now owns 1,200 shares of the company’s stock worth $36,000 after purchasing an additional 1,000 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in shares of First Trust Indxx Aerospace & Defense ETF by 971.3% during the second quarter. Raymond James Financial Inc. now owns 174,168 shares of the company’s stock valued at $6,507,000 after purchasing an additional 157,911 shares in the last quarter. Jane Street Group LLC bought a new position in shares of First Trust Indxx Aerospace & Defense ETF during the second quarter valued at $362,000. Finally, Benjamin Edwards Inc. boosted its position in shares of First Trust Indxx Aerospace & Defense ETF by 30.2% during the second quarter. Benjamin Edwards Inc. now owns 55,810 shares of the company’s stock valued at $2,085,000 after buying an additional 12,950 shares during the last quarter.

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.