Short Interest in First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) Grows By 1,445.1%

First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) saw a large increase in short interest in February. As of February 13th, there was short interest totaling 142,939 shares, an increase of 1,445.1% from the January 29th total of 9,251 shares. Based on an average daily volume of 271,774 shares, the short-interest ratio is currently 0.5 days. Currently, 0.5% of the shares of the stock are sold short. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily volume of 271,774 shares, the short-interest ratio is currently 0.5 days.

First Trust Indxx Aerospace & Defense ETF Price Performance

NYSEARCA MISL opened at $48.94 on Thursday. The company’s 50 day simple moving average is $47.48 and its 200 day simple moving average is $43.12. First Trust Indxx Aerospace & Defense ETF has a 12 month low of $26.46 and a 12 month high of $51.10. The company has a market capitalization of $1.47 billion, a P/E ratio of 28.78 and a beta of 0.66.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MISL. NewEdge Advisors LLC purchased a new stake in First Trust Indxx Aerospace & Defense ETF in the 1st quarter worth about $86,000. Geneos Wealth Management Inc. boosted its holdings 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 during the period. Assetmark Inc. grew its position in First Trust Indxx Aerospace & Defense ETF by 75.4% during the second quarter. Assetmark Inc. now owns 1,096 shares of the company’s stock valued at $41,000 after purchasing an additional 471 shares in the last quarter. Sigma Planning Corp grew its position in First Trust Indxx Aerospace & Defense ETF by 28.9% during the second quarter. Sigma Planning Corp now owns 19,217 shares of the company’s stock valued at $718,000 after purchasing an additional 4,310 shares in the last quarter. Finally, Prospera Financial Services Inc increased its stake in First Trust Indxx Aerospace & Defense ETF by 4.2% in the 2nd quarter. Prospera Financial Services Inc now owns 9,330 shares of the company’s stock valued at $349,000 after buying an additional 375 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.