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

First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 23,402 shares, a growth of 85.9% from the July 30th total of 12,588 shares. Based on an average daily volume of 82,603 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Trading of First Trust Indxx Aerospace & Defense ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MISL. Triumph Capital Management lifted its position in First Trust Indxx Aerospace & Defense ETF by 8,311.2% during the 2nd quarter. Triumph Capital Management now owns 9,000 shares of the company’s stock worth $412,000 after acquiring an additional 8,893 shares during the period. Rehmann Capital Advisory Group raised its stake in shares of First Trust Indxx Aerospace & Defense ETF by 18.3% in the second quarter. Rehmann Capital Advisory Group now owns 7,551 shares of the company’s stock worth $346,000 after purchasing an additional 1,169 shares during the last quarter. Buska Wealth Management LLC raised its stake in shares of First Trust Indxx Aerospace & Defense ETF by 190.8% in the second quarter. Buska Wealth Management LLC now owns 38,200 shares of the company’s stock worth $1,748,000 after purchasing an additional 25,063 shares during the last quarter. PVG Asset Management Corp acquired a new stake in shares of First Trust Indxx Aerospace & Defense ETF during the first quarter worth about $298,000. Finally, Royal Bank of Canada lifted its holdings in shares of First Trust Indxx Aerospace & Defense ETF by 134.6% during the first quarter. Royal Bank of Canada now owns 182,978 shares of the company’s stock worth $8,181,000 after purchasing an additional 104,982 shares during the period.

First Trust Indxx Aerospace & Defense ETF Trading Down 0.7%

Shares of NYSEARCA MISL traded down $0.30 during midday trading on Friday, reaching $44.64. The company had a trading volume of 169,004 shares, compared to its average volume of 365,642. First Trust Indxx Aerospace & Defense ETF has a 1 year low of $38.17 and a 1 year high of $51.10. The business’s 50-day simple moving average is $45.00 and its 200 day simple moving average is $46.17. The stock has a market cap of $756.65 million, a P/E ratio of 28.78 and a beta of 0.69.

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.