First Trust Cloud Computing ETF (NASDAQ:SKYY) Short Interest Down 16.5% in December

First Trust Cloud Computing ETF (NASDAQ:SKYY) was the recipient of a large drop in short interest in December. As of December 15th, there was short interest totalling 219,000 shares, a drop of 16.5% from the November 30th total of 262,200 shares. Based on an average daily volume of 153,900 shares, the short-interest ratio is currently 1.4 days.

First Trust Cloud Computing ETF Stock Performance

SKYY stock traded down $0.89 during midday trading on Tuesday, hitting $119.20. 138,738 shares of the stock were exchanged, compared to its average volume of 154,365. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of 33.21 and a beta of 1.06. First Trust Cloud Computing ETF has a fifty-two week low of $83.06 and a fifty-two week high of $131.13. The stock’s 50-day moving average price is $118.65 and its 200-day moving average price is $104.61.

Institutional Investors Weigh In On First Trust Cloud Computing ETF

Several institutional investors and hedge funds have recently made changes to their positions in SKYY. US Bancorp DE increased its position in First Trust Cloud Computing ETF by 8.2% during the 3rd quarter. US Bancorp DE now owns 6,220 shares of the company’s stock worth $636,000 after purchasing an additional 472 shares in the last quarter. Creative Planning lifted its stake in shares of First Trust Cloud Computing ETF by 8.0% during the third quarter. Creative Planning now owns 11,929 shares of the company’s stock valued at $1,220,000 after buying an additional 885 shares during the period. Main Management ETF Advisors LLC boosted its position in First Trust Cloud Computing ETF by 0.8% during the second quarter. Main Management ETF Advisors LLC now owns 155,600 shares of the company’s stock worth $14,864,000 after acquiring an additional 1,200 shares during the last quarter. Marshall Wace LLP purchased a new stake in First Trust Cloud Computing ETF in the 2nd quarter worth approximately $209,000. Finally, Seaview Investment Managers LLC acquired a new stake in First Trust Cloud Computing ETF during the 2nd quarter worth approximately $2,532,000.

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.