(MISL) Indxx Aerospace & Defense - Overview
ETF Category: Industrials | Exchange: NYSE ARCA (USA) | Market Cap: 764m USD | Total Return: 38.7% in 12m
Avg Turnover: 7.80M
Warnings
Choppy
Tailwinds
No distinct edge detected
The First Trust Indxx Aerospace & Defense ETF (MISL) tracks a rules-based index by investing at least 80% of its net assets in constituent common stocks. While the index follows a structured methodology, the index provider retains qualitative discretion to adjust holdings to ensure alignment with the funds specific selection criteria. As a non-diversified fund, MISL maintains concentrated exposure within the aerospace and defense industry.
The aerospace and defense sector is characterized by high barriers to entry due to intensive capital requirements and complex regulatory oversight. Business models in this space often rely on long-term government contracts and multi-year procurement cycles, which can provide predictable revenue streams despite broader economic fluctuations. Investors can utilize ValueRay to further analyze the valuation metrics of these underlying holdings.
- Global geopolitical instability accelerates government defense spending and procurement contracts
- Supply chain constraints and labor shortages impact aerospace manufacturing delivery timelines
- Commercial aviation recovery fuels demand for aftermarket services and spare parts
- Federal budget appropriations and defense policy shifts dictate long-term revenue visibility
- Rising interest rates increase debt servicing costs for capital-intensive industrial constituents
As of May 23, 2026, the stock is trading at USD 45.67 with a total of 191,605 shares traded.
Over the past week, the price has changed by +4.72%,
over one month by +2.67%,
over three months by -5.36% and
over the past year by +38.68%.
Indxx Aerospace & Defense has no consensus analysts rating.