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

First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 18,003 shares, a drop of 99.5% from the December 15th total of 3,423,282 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 334,807 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 334,807 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

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

A number of hedge funds have recently made changes to their positions in the company. Twin Peaks Wealth Advisors LLC purchased a new position in First Trust Indxx Aerospace & Defense ETF during the 2nd quarter valued at approximately $31,000. Ameritas Advisory Services LLC purchased a new stake in shares of First Trust Indxx Aerospace & Defense ETF during the 2nd quarter worth approximately $33,000. Geneos Wealth Management Inc. boosted its position in shares of First Trust Indxx Aerospace & Defense ETF by 500.0% during the 1st 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 during the last quarter. Advisory Services Network LLC purchased a new position in shares of First Trust Indxx Aerospace & Defense ETF in the third quarter valued at $37,000. Finally, Assetmark Inc. grew its holdings in shares of First Trust Indxx Aerospace & Defense ETF by 75.4% in the second quarter. Assetmark Inc. now owns 1,096 shares of the company’s stock valued at $41,000 after purchasing an additional 471 shares in the last quarter.

First Trust Indxx Aerospace & Defense ETF Trading Up 1.6%

MISL traded up $0.76 during trading on Monday, hitting $48.77. 151,586 shares of the company traded hands, compared to its average volume of 431,174. The company has a market cap of $1.54 billion, a PE ratio of 28.78 and a beta of 0.66. The stock’s 50-day simple moving average is $42.19 and its two-hundred day simple moving average is $40.73. First Trust Indxx Aerospace & Defense ETF has a 1 year low of $26.46 and a 1 year high of $48.77.

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.