First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL – Get Free Report) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 20,198 shares, an increase of 422.5% from the June 30th total of 3,866 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 80,179 shares, the short-interest ratio is presently 0.3 days.
First Trust Indxx Aerospace & Defense ETF Stock Performance
NYSEARCA MISL traded up $0.05 during trading on Friday, reaching $43.48. The company’s stock had a trading volume of 364,292 shares, compared to its average volume of 415,794. The firm has a market cap of $750.03 million, a price-to-earnings ratio of 28.78 and a beta of 0.67. First Trust Indxx Aerospace & Defense ETF has a twelve month low of $37.76 and a twelve month high of $51.10. The business’s fifty day moving average price is $45.48 and its 200-day moving average price is $46.72.
Hedge Funds Weigh In On First Trust Indxx Aerospace & Defense ETF
Institutional investors have recently added to or reduced their stakes in the stock. Flagship Harbor Advisors LLC purchased a new position in shares of First Trust Indxx Aerospace & Defense ETF in the 4th quarter valued at about $30,000. Pinnacle Bancorp Inc. acquired a new position in First Trust Indxx Aerospace & Defense ETF during the first quarter worth about $36,000. Geneos Wealth Management Inc. grew its position in First Trust Indxx Aerospace & Defense ETF by 500.0% during the first quarter. Geneos Wealth Management Inc. now owns 1,200 shares of the company’s stock worth $36,000 after buying an additional 1,000 shares during the period. Arax Advisory Partners purchased a new position in First Trust Indxx Aerospace & Defense ETF in the fourth quarter valued at about $37,000. Finally, Advisory Services Network LLC purchased a new position in First Trust Indxx Aerospace & Defense ETF in the third quarter valued at about $37,000.
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.
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