Short Interest in First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) Increases By 44.2%

First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) was the recipient of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 50,817 shares, a growth of 44.2% from the February 26th total of 35,248 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 332,868 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On First Trust Indxx Aerospace & Defense ETF

A number of institutional investors have recently modified their holdings of MISL. First Trust Advisors LP purchased a new stake in shares of First Trust Indxx Aerospace & Defense ETF in the fourth quarter worth about $795,568,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in First Trust Indxx Aerospace & Defense ETF in the fourth quarter valued at approximately $119,812,000. LPL Financial LLC lifted its holdings in First Trust Indxx Aerospace & Defense ETF by 42.5% in the fourth quarter. LPL Financial LLC now owns 634,032 shares of the company’s stock valued at $27,130,000 after acquiring an additional 189,250 shares during the period. Nilsine Partners LLC purchased a new stake in First Trust Indxx Aerospace & Defense ETF in the 4th quarter worth approximately $22,329,000. Finally, Advisory Services Network LLC boosted its position in First Trust Indxx Aerospace & Defense ETF by 48,689.2% in the 4th quarter. Advisory Services Network LLC now owns 439,591 shares of the company’s stock worth $18,810,000 after purchasing an additional 438,690 shares in the last quarter.

First Trust Indxx Aerospace & Defense ETF Stock Performance

Shares of First Trust Indxx Aerospace & Defense ETF stock traded down $1.13 during trading on Monday, hitting $43.10. 140,887 shares of the company’s stock were exchanged, compared to its average volume of 460,496. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 28.78 and a beta of 0.66. The business has a 50-day simple moving average of $48.51 and a 200-day simple moving average of $44.54. First Trust Indxx Aerospace & Defense ETF has a 52-week low of $26.46 and a 52-week high of $51.10.

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.