(MISL) First Trust Indxx Aerospace - Ratings and Ratios

The First Trust Indxx Aerospace & Defense ETF (MISL) is designed to provide exposure to companies involved in the aerospace and defense industries. The fund invests at least 80% of its net assets in common stocks that make up its underlying index, which is a rules-based index. However, the index provider retains the flexibility to exercise qualitative judgment in including, excluding, or adjusting the weight of specific stocks within the index. This discretion allows the provider to refine the index composition beyond strict adherence to predefined rules, ensuring the index remains aligned with its investment objectives. The ETF is classified as non-diversified, meaning it may concentrate its holdings in a smaller number of securities compared to diversified funds.

As of the latest data, the ETF has approximately $120.66 million in assets under management (AUM). It trades on the NYSE ARCA exchange under the ticker symbol MISL and is categorized under the Industrials sector. The funds average trading volume over the past 20 days is around 30,105 shares, with a last price of $29.44. Its short-term and long-term moving averages (20-day: $30.30, 50-day: $30.78, 200-day: $30.39) indicate recent price movement relative to its historical trends. The Average True Range (ATR) of 0.51 suggests relatively stable price fluctuations.

3-Month Forecast: Based on the provided data, the ETFs price is currently below its 20-day, 50-day, and 200-day moving averages, which may indicate bearish momentum in the near term. However, the tight range between these moving averages (20-day: $30.30, 50-day: $30.78, 200-day: $30.39) suggests a potential consolidation phase. The low ATR of 0.51 further supports the expectation of limited volatility. Over the next three months, MISL is likely to trade within a narrow range, possibly between $28.93 and $30.95, barring significant macroeconomic or sector-specific developments.