First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSEARCA:CRPT) Sees Significant Increase in Short Interest

First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSEARCA:CRPT) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 183,997 shares, a growth of 241.2% from the April 15th total of 53,930 shares. Approximately 2.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 90,624 shares, the short-interest ratio is currently 2.0 days.

First Trust SkyBridge Crypto Industry and Digital Economy ETF Stock Up 1.8%

NYSEARCA:CRPT traded up $0.28 during trading hours on Thursday, hitting $15.73. 146,167 shares of the company’s stock traded hands, compared to its average volume of 96,179. The firm has a market cap of $117.98 million, a P/E ratio of -172.06 and a beta of 3.17. First Trust SkyBridge Crypto Industry and Digital Economy ETF has a 52 week low of $10.74 and a 52 week high of $25.90. The business’s fifty day simple moving average is $13.52 and its two-hundred day simple moving average is $15.33.

Institutional Investors Weigh In On First Trust SkyBridge Crypto Industry and Digital Economy ETF

Hedge funds have recently added to or reduced their stakes in the company. Sound Income Strategies LLC bought a new stake in First Trust SkyBridge Crypto Industry and Digital Economy ETF during the fourth quarter worth about $26,000. Cassaday & Co Wealth Management LLC bought a new stake in First Trust SkyBridge Crypto Industry and Digital Economy ETF during the first quarter worth about $57,000. CWM LLC lifted its stake in First Trust SkyBridge Crypto Industry and Digital Economy ETF by 88.0% during the third quarter. CWM LLC now owns 2,765 shares of the company’s stock worth $62,000 after purchasing an additional 1,294 shares during the last quarter. Truvestments Capital LLC lifted its stake in First Trust SkyBridge Crypto Industry and Digital Economy ETF by 1,351.7% during the fourth quarter. Truvestments Capital LLC now owns 6,460 shares of the company’s stock worth $97,000 after purchasing an additional 6,015 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in First Trust SkyBridge Crypto Industry and Digital Economy ETF by 10.4% during the first quarter. Janney Montgomery Scott LLC now owns 12,758 shares of the company’s stock worth $149,000 after purchasing an additional 1,200 shares during the last quarter.

About First Trust SkyBridge Crypto Industry and Digital Economy ETF

The First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund actively invests in companies supporting the crypto industry and the digital economy around the world. CRPT was launched on Sep 20, 2021 and is managed by First Trust.