Short Interest in First Trust Cloud Computing ETF (NASDAQ:SKYY) Drops By 35.0%

First Trust Cloud Computing ETF (NASDAQ:SKYYGet Free Report) saw a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 155,585 shares, a decrease of 35.0% from the May 31st total of 239,535 shares. Based on an average daily volume of 460,732 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.8% of the company’s shares are short sold.

First Trust Cloud Computing ETF Stock Up 1.3%

SKYY opened at $136.30 on Thursday. First Trust Cloud Computing ETF has a twelve month low of $103.76 and a twelve month high of $155.76. The company has a fifty day moving average of $131.52 and a 200-day moving average of $122.88. The stock has a market cap of $2.81 billion, a PE ratio of 33.85 and a beta of 1.24.

Institutional Trading of First Trust Cloud Computing ETF

Institutional investors have recently bought and sold shares of the company. San Luis Wealth Advisors LLC bought a new stake in shares of First Trust Cloud Computing ETF during the 4th quarter valued at about $801,000. Evelyn Partners Investment Management LLP bought a new stake in First Trust Cloud Computing ETF in the fourth quarter worth approximately $502,000. Hyposwiss Advisors SA bought a new stake in First Trust Cloud Computing ETF in the fourth quarter worth approximately $2,479,000. AlphaCore Capital LLC bought a new stake in First Trust Cloud Computing ETF in the fourth quarter worth approximately $6,823,000. Finally, Rockefeller Capital Management L.P. lifted its stake in First Trust Cloud Computing ETF by 9.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 72,163 shares of the company’s stock valued at $9,387,000 after buying an additional 6,430 shares during the period.

First Trust Cloud Computing ETF Company Profile

(Get Free Report)

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.

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