First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) Sees Large Decline in Short Interest

by · The Cerbat Gem

First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL – Get Free Report) was the recipient of a significant drop in short interest during the month of April. As of April 15th, there was short interest totaling 26,915 shares, a drop of 71.1% from the March 31st total of 93,193 shares. Based on an average daily volume of 183,376 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

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

Several hedge funds and other institutional investors have recently bought and sold shares of MISL. NewEdge Advisors LLC acquired a new stake in First Trust Indxx Aerospace & Defense ETF during the first quarter worth about $86,000. Geneos Wealth Management Inc. increased its position in 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 worth $36,000 after purchasing an additional 1,000 shares during the last quarter. Raymond James Financial Inc. increased its position in 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 worth $6,507,000 after purchasing an additional 157,911 shares during the last quarter. Jane Street Group LLC acquired a new stake in First Trust Indxx Aerospace & Defense ETF during the second quarter worth about $362,000. Finally, Benjamin Edwards Inc. increased its position in 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 worth $2,085,000 after purchasing an additional 12,950 shares during the last quarter.

First Trust Indxx Aerospace & Defense ETF Trading Down 1.9%

First Trust Indxx Aerospace & Defense ETF stock traded down $0.85 during midday trading on Friday, hitting $43.76. 188,929 shares of the stock were exchanged, compared to its average volume of 407,425. First Trust Indxx Aerospace & Defense ETF has a fifty-two week low of $30.94 and a fifty-two week high of $51.10. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 28.78 and a beta of 0.75. The stock’s 50-day simple moving average is $47.35 and its 200 day simple moving average is $45.27.

First Trust Indxx Aerospace & Defense ETF Company Profile

(Get Free Report)

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.

Further Reading