First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) Sees Significant Decrease in Short Interest

First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 12,588 shares, a decrease of 37.7% from the July 15th total of 20,198 shares. Based on an average daily trading volume, of 106,076 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

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

A number of institutional investors and hedge funds have recently made changes to their positions in MISL. First Trust Advisors LP purchased a new position in First Trust Indxx Aerospace & Defense ETF in the 4th quarter worth approximately $795,568,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of First Trust Indxx Aerospace & Defense ETF during the 4th quarter worth approximately $119,812,000. Advisory Services Network LLC boosted its position in shares of 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 valued at $18,810,000 after acquiring an additional 438,690 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of First Trust Indxx Aerospace & Defense ETF by 14,898.1% in the fourth quarter. NewEdge Advisors LLC now owns 427,447 shares of the company’s stock valued at $18,290,000 after purchasing an additional 424,597 shares in the last quarter. Finally, WCG Wealth Advisors LLC bought a new stake in First Trust Indxx Aerospace & Defense ETF in the fourth quarter worth $17,189,000.

First Trust Indxx Aerospace & Defense ETF Price Performance

First Trust Indxx Aerospace & Defense ETF stock opened at $46.79 on Thursday. First Trust Indxx Aerospace & Defense ETF has a one year low of $37.90 and a one year high of $51.10. The business’s fifty day moving average is $45.26 and its 200 day moving average is $46.33. The stock has a market capitalization of $793.09 million, a PE ratio of 28.78 and a beta of 0.69.

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.