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 decrease in short interest in May. As of May 15th, there was short interest totaling 2,057 shares, a decrease of 92.7% from the April 30th total of 28,283 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 1,834,843 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of First Trust Indxx Aerospace & Defense ETF

A number of hedge funds have recently made changes to their positions in the stock. Flagship Harbor Advisors LLC bought a new position in First Trust Indxx Aerospace & Defense ETF during the fourth quarter valued at approximately $30,000. Pinnacle Bancorp Inc. bought a new position in First Trust Indxx Aerospace & Defense ETF during the first quarter valued at approximately $36,000. Arax Advisory Partners bought a new position in First Trust Indxx Aerospace & Defense ETF during the fourth quarter valued at approximately $37,000. Advisory Services Network LLC bought a new position in First Trust Indxx Aerospace & Defense ETF during the third quarter valued at approximately $37,000. Finally, Geneos Wealth Management Inc. raised 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 valued at $36,000 after acquiring an additional 1,000 shares in the last quarter.

First Trust Indxx Aerospace & Defense ETF Stock Performance

Shares of NYSEARCA MISL traded up $0.32 during mid-day trading on Wednesday, reaching $47.88. The company had a trading volume of 86,856 shares, compared to its average volume of 533,821. The stock has a fifty day moving average of $45.72 and a two-hundred day moving average of $45.58. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 28.78 and a beta of 0.61. First Trust Indxx Aerospace & Defense ETF has a 12-month low of $34.09 and a 12-month high of $51.10.

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.