Short Interest in First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) Expands By 32,125.2%

First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totaling 3,423,282 shares, an increase of 32,125.2% from the November 30th total of 10,623 shares. Based on an average daily trading volume, of 3,160,446 shares, the days-to-cover ratio is currently 1.1 days. Currently, 66.5% of the shares of the stock are sold short. Currently, 66.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,160,446 shares, the days-to-cover ratio is currently 1.1 days.

First Trust Indxx Aerospace & Defense ETF Stock Down 0.3%

Shares of First Trust Indxx Aerospace & Defense ETF stock traded down $0.14 on Thursday, hitting $43.89. The company’s stock had a trading volume of 41,730 shares, compared to its average volume of 178,671. The firm has a fifty day moving average price of $41.63 and a 200-day moving average price of $39.85. First Trust Indxx Aerospace & Defense ETF has a 52-week low of $26.46 and a 52-week high of $44.11. The company has a market capitalization of $226.03 million, a P/E ratio of 28.78 and a beta of 0.66.

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

Several hedge funds have recently bought and sold shares of the business. B. Riley Wealth Advisors Inc. boosted its position in First Trust Indxx Aerospace & Defense ETF by 1.2% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 26,764 shares of the company’s stock worth $1,109,000 after acquiring an additional 305 shares during the period. Prospera Financial Services Inc lifted its position 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 worth $349,000 after buying an additional 375 shares in the last quarter. Assetmark Inc. boosted its stake in shares of First Trust Indxx Aerospace & Defense ETF by 75.4% during the 2nd quarter. Assetmark Inc. now owns 1,096 shares of the company’s stock valued at $41,000 after buying an additional 471 shares during the period. Adamsbrown Wealth Consultants LLC grew its holdings in shares of First Trust Indxx Aerospace & Defense ETF by 3.1% during the 2nd quarter. Adamsbrown Wealth Consultants LLC now owns 19,116 shares of the company’s stock valued at $714,000 after acquiring an additional 570 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in shares of First Trust Indxx Aerospace & Defense ETF in the second quarter worth $31,000.

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.