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

First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) 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

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.