First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL – Get Free Report) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 41,146 shares, an increase of 386.6% from the August 31st total of 8,456 shares. Based on an average daily volume of 72,317 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.2% of the company’s stock are sold short.
Institutional Investors Weigh In On First Trust Indxx Aerospace & Defense ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of MISL. Harbour Investments Inc. lifted its holdings in shares of First Trust Indxx Aerospace & Defense ETF by 70.9% during the 4th quarter. Harbour Investments Inc. now owns 1,205 shares of the company’s stock valued at $52,000 after purchasing an additional 500 shares during the last quarter. Sigma Planning Corp raised its holdings in shares of First Trust Indxx Aerospace & Defense ETF by 1.0% in the first quarter. Sigma Planning Corp now owns 61,324 shares of the company’s stock worth $2,742,000 after buying an additional 606 shares during the last quarter. HighTower Advisors LLC raised its holdings in shares of First Trust Indxx Aerospace & Defense ETF by 1.0% in the fourth quarter. HighTower Advisors LLC now owns 72,100 shares of the company’s stock worth $3,085,000 after buying an additional 735 shares during the last quarter. Pinnacle Bancorp Inc. acquired a new stake in shares of First Trust Indxx Aerospace & Defense ETF during the first quarter worth $36,000. Finally, Rehmann Capital Advisory Group lifted its stake in shares of First Trust Indxx Aerospace & Defense ETF by 18.3% during the second quarter. Rehmann Capital Advisory Group now owns 7,551 shares of the company’s stock worth $346,000 after buying an additional 1,169 shares during the period.
First Trust Indxx Aerospace & Defense ETF Stock Up 0.1%
Shares of NYSEARCA MISL traded up $0.04 during midday trading on Friday, reaching $42.64. 113,164 shares of the company’s stock traded hands, compared to its average volume of 335,616. The company has a market cap of $707.82 million, a price-to-earnings ratio of 28.78 and a beta of 0.69. The stock’s 50 day simple moving average is $44.28 and its 200-day simple moving average is $45.30. First Trust Indxx Aerospace & Defense ETF has a one year low of $38.84 and a one year high of $51.10.
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.
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