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

First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 107,105 shares, a growth of 494.9% from the December 31st total of 18,003 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 379,229 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 379,229 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the company’s shares are short sold.

Hedge Funds Weigh In On First Trust Indxx Aerospace & Defense ETF

Several hedge funds have recently bought and sold shares of MISL. Flagship Harbor Advisors LLC bought a new stake in shares of First Trust Indxx Aerospace & Defense ETF during the fourth quarter worth $30,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of First Trust Indxx Aerospace & Defense ETF in the second quarter worth about $31,000. Ameritas Advisory Services LLC purchased a new position in First Trust Indxx Aerospace & Defense ETF in the 2nd quarter worth about $33,000. Geneos Wealth Management Inc. lifted its holdings in 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 buying an additional 1,000 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new stake in First Trust Indxx Aerospace & Defense ETF in the 3rd quarter valued at about $37,000.

First Trust Indxx Aerospace & Defense ETF Price Performance

Shares of NYSEARCA MISL opened at $49.47 on Friday. First Trust Indxx Aerospace & Defense ETF has a 1 year low of $26.46 and a 1 year high of $51.10. The firm has a 50-day simple moving average of $44.48 and a two-hundred day simple moving average of $41.81. The company has a market cap of $1.48 billion, a P/E ratio of 28.78 and a beta of 0.66.

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.