First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) Short Interest Down 37.7% in July

First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 12,588 shares, a decline of 37.7% from the July 15th total of 20,198 shares. Based on an average daily trading volume, of 106,076 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

First Trust Indxx Aerospace & Defense ETF Stock Down 1.5%

MISL traded down $0.70 on Wednesday, hitting $46.86. The company had a trading volume of 19,016 shares, compared to its average volume of 377,747. The business’s fifty day simple moving average is $45.22 and its 200 day simple moving average is $46.35. First Trust Indxx Aerospace & Defense ETF has a 12-month low of $37.90 and a 12-month high of $51.10. The company has a market cap of $794.28 million, a PE ratio of 28.78 and a beta of 0.69.

Institutional Trading of First Trust Indxx Aerospace & Defense ETF

A number of institutional investors have recently bought and sold shares of the stock. Pinnacle Bancorp Inc. purchased a new position in shares of First Trust Indxx Aerospace & Defense ETF during the 1st quarter worth about $36,000. Geneos Wealth Management Inc. boosted its position in shares of 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 buying an additional 1,000 shares during the period. Arax Advisory Partners bought a new position in shares of First Trust Indxx Aerospace & Defense ETF during the fourth quarter valued at approximately $37,000. Advisory Services Network LLC purchased a new stake in shares of First Trust Indxx Aerospace & Defense ETF in the third quarter worth approximately $37,000. Finally, Harbour Investments Inc. lifted its stake in shares of First Trust Indxx Aerospace & Defense ETF by 70.9% during the 4th quarter. Harbour Investments Inc. now owns 1,205 shares of the company’s stock worth $52,000 after acquiring an additional 500 shares during the last quarter.

First Trust Indxx Aerospace & Defense ETF Company Profile

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.