First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) Short Interest Up 85.9% in August

First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 23,402 shares, a growth of 85.9% from the July 30th total of 12,588 shares. Based on an average daily volume of 82,603 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MISL. NewEdge Advisors LLC acquired a new stake in First Trust Indxx Aerospace & Defense ETF in the first quarter worth about $86,000. Geneos Wealth Management Inc. increased its holdings 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 acquiring an additional 1,000 shares in the last quarter. Raymond James Financial Inc. raised its position in shares of First Trust Indxx Aerospace & Defense ETF by 971.3% in the 2nd 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 during the last quarter. Jane Street Group LLC purchased a new position in shares of First Trust Indxx Aerospace & Defense ETF in the 2nd quarter valued at approximately $362,000. Finally, Benjamin Edwards Inc. boosted its stake in First Trust Indxx Aerospace & Defense ETF by 30.2% in the 2nd 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 in the last quarter.

First Trust Indxx Aerospace & Defense ETF Trading Down 0.7%

Shares of MISL stock traded down $0.30 during trading hours on Friday, reaching $44.64. 169,004 shares of the company’s stock were exchanged, compared to its average volume of 365,642. First Trust Indxx Aerospace & Defense ETF has a fifty-two week low of $38.17 and a fifty-two week high of $51.10. The stock’s 50 day moving average is $45.00 and its 200-day moving average is $46.17. The company has a market cap of $756.65 million, a price-to-earnings ratio of 28.78 and a beta of 0.69.

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.