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

First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) was the recipient of a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 142,939 shares, a growth of 1,445.1% from the January 29th total of 9,251 shares. Based on an average daily trading volume, of 271,774 shares, the short-interest ratio is currently 0.5 days. Approximately 0.5% of the company’s shares are sold short. Approximately 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 271,774 shares, the short-interest ratio is currently 0.5 days.

First Trust Indxx Aerospace & Defense ETF Stock Performance

Shares of MISL traded down $0.41 during mid-day trading on Friday, reaching $48.93. 39,129 shares of the company were exchanged, compared to its average volume of 409,635. The business has a 50 day simple moving average of $47.64 and a two-hundred day simple moving average of $43.17. The stock has a market capitalization of $1.47 billion, a PE ratio of 28.78 and a beta of 0.66. First Trust Indxx Aerospace & Defense ETF has a 52 week low of $26.46 and a 52 week high of $51.10.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of MISL. B. Riley Wealth Advisors Inc. bought a new position in First Trust Indxx Aerospace & Defense ETF during the second quarter worth $989,000. Osaic Holdings Inc. boosted its position in First Trust Indxx Aerospace & Defense ETF by 11.4% during the second quarter. Osaic Holdings Inc. now owns 241,385 shares of the company’s stock valued at $9,018,000 after acquiring an additional 24,727 shares during the last quarter. Retirement Planning Group LLC bought a new position in shares of First Trust Indxx Aerospace & Defense ETF in the 3rd quarter worth about $453,000. Sigma Planning Corp raised its position in shares of First Trust Indxx Aerospace & Defense ETF by 28.9% in the 2nd quarter. Sigma Planning Corp now owns 19,217 shares of the company’s stock worth $718,000 after acquiring an additional 4,310 shares in the last quarter. Finally, J.W. Cole Advisors Inc. acquired a new position in shares of First Trust Indxx Aerospace & Defense ETF in the 2nd quarter valued at about $1,030,000.

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.