First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) Short Interest Up 422.5% in July

First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 20,198 shares, a growth of 422.5% from the June 30th total of 3,866 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 80,179 shares, the days-to-cover ratio is currently 0.3 days.

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

Hedge funds have recently made changes to their positions in the business. First Trust Advisors LP purchased a new position in shares of First Trust Indxx Aerospace & Defense ETF during the fourth quarter worth about $795,568,000. Harel Insurance Investments & Financial Services Ltd. raised its stake in First Trust Indxx Aerospace & Defense ETF by 41.2% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,953,000 shares of the company’s stock valued at $176,739,000 after acquiring an additional 1,153,000 shares during the last quarter. LPL Financial LLC lifted its position in First Trust Indxx Aerospace & Defense ETF by 42.5% during the 4th quarter. LPL Financial LLC now owns 634,032 shares of the company’s stock worth $27,130,000 after acquiring an additional 189,250 shares during the period. Nilsine Partners LLC acquired a new stake in First Trust Indxx Aerospace & Defense ETF during the 4th quarter worth approximately $22,329,000. Finally, Advisory Services Network LLC lifted its position in First Trust Indxx Aerospace & Defense ETF by 48,689.2% during the 4th quarter. Advisory Services Network LLC now owns 439,591 shares of the company’s stock worth $18,810,000 after acquiring an additional 438,690 shares during the period.

First Trust Indxx Aerospace & Defense ETF Stock Up 0.1%

NYSEARCA:MISL traded up $0.05 during trading hours on Friday, reaching $43.48. 364,292 shares of the company’s stock were exchanged, compared to its average volume of 415,794. First Trust Indxx Aerospace & Defense ETF has a 1-year low of $37.76 and a 1-year high of $51.10. The firm has a market capitalization of $750.03 million, a price-to-earnings ratio of 28.78 and a beta of 0.67. The company has a 50-day moving average of $45.48 and a 200 day moving average of $46.72.

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.