Short Interest in First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) Declines By 91.4%

First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISLGet Free Report) was the recipient of a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 9,251 shares, a drop of 91.4% from the January 15th total of 107,105 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 754,433 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 754,433 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

First Trust Indxx Aerospace & Defense ETF Stock Performance

Shares of MISL traded down $0.73 during midday trading on Wednesday, hitting $47.80. 140,088 shares of the company traded hands, compared to its average volume of 455,192. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 28.78 and a beta of 0.66. The firm has a 50 day moving average of $45.81 and a 200-day moving average of $42.38. First Trust Indxx Aerospace & Defense ETF has a 52 week low of $26.46 and a 52 week high of $51.10.

Institutional Investors Weigh In On First Trust Indxx Aerospace & Defense ETF

Hedge funds have recently made changes to their positions in the company. Flagship Harbor Advisors LLC bought a new stake in First Trust Indxx Aerospace & Defense ETF during the fourth quarter valued at about $30,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of First Trust Indxx Aerospace & Defense ETF during the 2nd quarter worth about $31,000. Ameritas Advisory Services LLC purchased a new stake in First Trust Indxx Aerospace & Defense ETF in the 2nd quarter worth $33,000. Geneos Wealth Management Inc. increased its position in shares of 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 purchasing an additional 1,000 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new stake in First Trust Indxx Aerospace & Defense ETF in the 3rd quarter valued at about $37,000.

About First Trust Indxx Aerospace & Defense ETF

(Get Free Report)

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.

Read More

Receive News & Ratings for First Trust Indxx Aerospace & Defense ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Indxx Aerospace & Defense ETF and related companies with MarketBeat.com's FREE daily email newsletter.