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

First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) was the recipient of a significant drop in short interest in May. As of May 15th, there was short interest totaling 2,057 shares, a drop of 92.7% from the April 30th total of 28,283 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 1,834,843 shares, the days-to-cover ratio is currently 0.0 days.

First Trust Indxx Aerospace & Defense ETF Price Performance

MISL traded up $0.32 during midday trading on Wednesday, hitting $47.88. 86,856 shares of the company’s stock traded hands, compared to its average volume of 533,821. The company has a market cap of $1.60 billion, a PE ratio of 28.78 and a beta of 0.61. The stock’s fifty day simple moving average is $45.72 and its 200-day simple moving average is $45.58. First Trust Indxx Aerospace & Defense ETF has a one year low of $34.09 and a one year high of $51.10.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. B. Riley Wealth Advisors Inc. raised its position in First Trust Indxx Aerospace & Defense ETF by 1.2% during the third quarter. B. Riley Wealth Advisors Inc. now owns 26,764 shares of the company’s stock valued at $1,109,000 after acquiring an additional 305 shares in the last quarter. Retirement Planning Group LLC raised its position in First Trust Indxx Aerospace & Defense ETF by 4.0% during the fourth quarter. Retirement Planning Group LLC now owns 11,371 shares of the company’s stock valued at $487,000 after acquiring an additional 433 shares in the last quarter. Harbour Investments Inc. grew its holdings in First Trust Indxx Aerospace & Defense ETF by 70.9% during the fourth quarter. Harbour Investments Inc. now owns 1,205 shares of the company’s stock valued at $52,000 after purchasing an additional 500 shares during the last quarter. Sigma Planning Corp grew its holdings in First Trust Indxx Aerospace & Defense ETF by 1.0% during the first quarter. Sigma Planning Corp now owns 61,324 shares of the company’s stock valued at $2,742,000 after purchasing an additional 606 shares during the last quarter. Finally, Kestra Advisory Services LLC grew its holdings in First Trust Indxx Aerospace & Defense ETF by 3.0% during the fourth quarter. Kestra Advisory Services LLC now owns 21,968 shares of the company’s stock valued at $940,000 after purchasing an additional 632 shares during the last quarter.

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.