First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) Stock Short Interest Report for September

First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) was the target of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 9,255 shares, a drop of 77.5% from the September 15th total of 41,146 shares. Based on an average trading volume of 90,243 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

First Trust Indxx Aerospace & Defense ETF Stock Performance

First Trust Indxx Aerospace & Defense ETF stock traded down $0.08 during trading on Monday, reaching $42.16. The company had a trading volume of 46,573 shares, compared to its average volume of 321,946. First Trust Indxx Aerospace & Defense ETF has a 12-month low of $38.84 and a 12-month high of $51.10. The stock’s 50 day moving average price is $44.05 and its two-hundred day moving average price is $44.90. The firm has a market capitalization of $775.74 million, a price-to-earnings ratio of 28.78 and a beta of 0.71.

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

Hedge funds have recently made changes to their positions in the stock. Envestnet Asset Management Inc. increased its stake in First Trust Indxx Aerospace & Defense ETF by 7.2% during the second quarter. Envestnet Asset Management Inc. now owns 160,686 shares of the company’s stock worth $7,355,000 after acquiring an additional 10,842 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of First Trust Indxx Aerospace & Defense ETF in the 2nd quarter valued at about $277,000. RFG Advisory LLC acquired a new position in shares of First Trust Indxx Aerospace & Defense ETF in the 2nd quarter valued at about $1,362,000. IFP Advisors Inc grew its holdings in shares of First Trust Indxx Aerospace & Defense ETF by 113.0% during the 2nd quarter. IFP Advisors Inc now owns 101,253 shares of the company’s stock worth $4,634,000 after purchasing an additional 53,706 shares during the period. Finally, Baird Financial Group Inc. grew its holdings in shares of First Trust Indxx Aerospace & Defense ETF by 129.2% during the 2nd quarter. Baird Financial Group Inc. now owns 17,218 shares of the company’s stock worth $788,000 after purchasing an additional 9,707 shares during the period.

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.