First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) Short Interest Up 77.6% in June

First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 3,866 shares, a growth of 77.6% from the June 15th total of 2,177 shares. Based on an average daily trading volume, of 116,333 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

First Trust Indxx Aerospace & Defense ETF Stock Performance

MISL opened at $42.53 on Friday. The stock’s 50 day moving average price is $45.73 and its 200-day moving average price is $46.74. First Trust Indxx Aerospace & Defense ETF has a one year low of $37.76 and a one year high of $51.10. The stock has a market cap of $733.64 million, a price-to-earnings ratio of 28.78 and a beta of 0.67.

Institutional Trading of First Trust Indxx Aerospace & Defense ETF

Several institutional investors and hedge funds have recently made changes to their positions in MISL. IFP Advisors Inc increased its stake in shares of First Trust Indxx Aerospace & Defense ETF by 1,037.2% during the third quarter. IFP Advisors Inc now owns 46,069 shares of the company’s stock valued at $1,910,000 after buying an additional 42,018 shares during the period. Trust Co. of Oklahoma purchased a new stake in First Trust Indxx Aerospace & Defense ETF in the fourth quarter worth about $1,406,000. TriaGen Wealth Management LLC purchased a new stake in First Trust Indxx Aerospace & Defense ETF in the fourth quarter worth about $1,449,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in First Trust Indxx Aerospace & Defense ETF during the 4th quarter worth about $119,812,000. Finally, World Investment Advisors purchased a new position in First Trust Indxx Aerospace & Defense ETF during the 4th quarter valued at about $5,063,000.

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.