Short Interest in First Trust Cloud Computing ETF (NASDAQ:SKYY) Expands By 18.8%

First Trust Cloud Computing ETF (NASDAQ:SKYY) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 135,500 shares, an increase of 18.8% from the March 15th total of 114,100 shares. Based on an average daily volume of 270,600 shares, the short-interest ratio is presently 0.5 days. Currently, 0.5% of the company’s shares are sold short.

Institutional Trading of First Trust Cloud Computing ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Exencial Wealth Advisors LLC boosted its position in shares of First Trust Cloud Computing ETF by 1.5% in the 4th quarter. Exencial Wealth Advisors LLC now owns 5,411 shares of the company’s stock worth $645,000 after purchasing an additional 82 shares during the last quarter. Hemington Wealth Management grew its position in shares of First Trust Cloud Computing ETF by 29.6% during the 4th quarter. Hemington Wealth Management now owns 469 shares of the company’s stock worth $55,000 after buying an additional 107 shares during the period. Core Wealth Partners LLC increased its stake in shares of First Trust Cloud Computing ETF by 4.5% in the 4th quarter. Core Wealth Partners LLC now owns 2,547 shares of the company’s stock valued at $303,000 after acquiring an additional 110 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of First Trust Cloud Computing ETF by 77.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 284 shares of the company’s stock valued at $34,000 after acquiring an additional 124 shares during the period. Finally, Prosperity Financial Group Inc. boosted its stake in First Trust Cloud Computing ETF by 0.6% during the 4th quarter. Prosperity Financial Group Inc. now owns 21,036 shares of the company’s stock worth $2,506,000 after acquiring an additional 129 shares during the last quarter.

First Trust Cloud Computing ETF Trading Down 4.0 %

Shares of NASDAQ:SKYY traded down $3.86 during trading on Monday, hitting $91.49. 119,260 shares of the company’s stock were exchanged, compared to its average volume of 173,164. The firm has a market cap of $2.71 billion, a P/E ratio of 27.61 and a beta of 1.06. The firm has a 50-day moving average price of $108.76 and a two-hundred day moving average price of $115.29. First Trust Cloud Computing ETF has a 1-year low of $83.45 and a 1-year high of $131.54.

First Trust Cloud Computing ETF Company Profile

The First Trust Cloud Computing ETF (SKYY) is an exchange-traded fund that is based on the ISE Cloud Computing index. The fund tracks an index of companies involved in the cloud computing industry. Stocks are modified-equally-weighted capped at 4.5%. SKYY was launched on Jul 5, 2011 and is managed by First Trust.