First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL – Get Free Report) was the recipient of a large drop in short interest in 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 presently 0.1 days. Approximately 0.1% of the company’s shares are sold short.
Institutional Investors Weigh In On First Trust Indxx Aerospace & Defense ETF
Large investors have recently added to or reduced their stakes in the business. Pinnacle Bancorp Inc. acquired a new position in First Trust Indxx Aerospace & Defense ETF in the first quarter valued at approximately $36,000. Parallel Advisors LLC boosted its holdings in shares of First Trust Indxx Aerospace & Defense ETF by 370.0% during the 1st quarter. Parallel Advisors LLC now owns 2,350 shares of the company’s stock worth $105,000 after buying an additional 1,850 shares in the last quarter. Stephens Inc. AR bought a new position in shares of First Trust Indxx Aerospace & Defense ETF during the 1st quarter worth approximately $221,000. Sanctuary Advisors LLC bought a new position in shares of First Trust Indxx Aerospace & Defense ETF during the 1st quarter worth approximately $228,000. Finally, BIP Wealth LLC acquired a new stake in shares of First Trust Indxx Aerospace & Defense ETF during the 1st quarter worth approximately $237,000.
First Trust Indxx Aerospace & Defense ETF Stock Performance
Shares of MISL stock traded up $0.48 during mid-day trading on Friday, hitting $42.24. The company’s stock had a trading volume of 36,483 shares, compared to its average volume of 323,366. The company has a market cap of $777.22 million, a PE ratio of 28.78 and a beta of 0.71. The company’s fifty day simple moving average is $44.05 and its 200-day simple moving average is $44.90. First Trust Indxx Aerospace & Defense ETF has a 52 week low of $38.84 and a 52 week high of $51.10.
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.
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