First Trust Cloud Computing ETF (NASDAQ:SKYY) Short Interest Down 42.6% in June

First Trust Cloud Computing ETF (NASDAQ:SKYY) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 89,264 shares, a decrease of 42.6% from the June 15th total of 155,585 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 381,173 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On First Trust Cloud Computing ETF

Several large investors have recently modified their holdings of the stock. Marshall Wace LLP purchased a new position in First Trust Cloud Computing ETF in the second quarter valued at approximately $3,175,000. Brown Advisory Inc. bought a new position in First Trust Cloud Computing ETF during the second quarter valued at $337,000. NewEdge Advisors LLC increased its position in First Trust Cloud Computing ETF by 17.9% in the second quarter. NewEdge Advisors LLC now owns 30,644 shares of the company’s stock worth $3,727,000 after buying an additional 4,652 shares during the last quarter. Quantinno Capital Management LP purchased a new stake in First Trust Cloud Computing ETF in the second quarter worth $597,000. Finally, Ameriprise Financial Inc. raised its stake in shares of First Trust Cloud Computing ETF by 7.8% in the second quarter. Ameriprise Financial Inc. now owns 164,762 shares of the company’s stock valued at $20,041,000 after buying an additional 11,987 shares during the period.

First Trust Cloud Computing ETF Stock Up 0.2%

NASDAQ SKYY traded up $0.31 during trading hours on Friday, reaching $136.69. 100,372 shares of the company were exchanged, compared to its average volume of 319,355. The stock has a market capitalization of $2.84 billion, a P/E ratio of 33.85 and a beta of 1.24. First Trust Cloud Computing ETF has a 1 year low of $103.76 and a 1 year high of $155.76. The business’s 50 day simple moving average is $135.07 and its 200-day simple moving average is $123.41.

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.