First Trust Cloud Computing ETF (NASDAQ:SKYY) Short Interest Update

First Trust Cloud Computing ETF (NASDAQ:SKYY) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 224,176 shares, a growth of 104.4% from the July 30th total of 109,651 shares. Based on an average daily volume of 319,920 shares, the days-to-cover ratio is currently 0.7 days. Approximately 1.1% of the shares of the stock are sold short.

First Trust Cloud Computing ETF Stock Performance

Shares of SKYY traded down $1.46 during mid-day trading on Friday, reaching $165.14. The stock had a trading volume of 244,648 shares, compared to its average volume of 314,954. The business has a fifty day moving average of $145.23 and a 200 day moving average of $129.27. The firm has a market cap of $3.30 billion, a price-to-earnings ratio of 33.85 and a beta of 1.24. First Trust Cloud Computing ETF has a 12 month low of $103.76 and a 12 month high of $169.05.

Institutional Investors Weigh In On First Trust Cloud Computing ETF

A number of institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC boosted its stake in shares of First Trust Cloud Computing ETF by 97.0% in the third quarter. Parallel Advisors LLC now owns 197 shares of the company’s stock worth $26,000 after acquiring an additional 97 shares during the period. Franklin Resources Inc. bought a new stake in First Trust Cloud Computing ETF during the 4th quarter valued at approximately $33,000. Capital Advisors Ltd. LLC purchased a new position in First Trust Cloud Computing ETF in the 1st quarter worth approximately $35,000. Russell Investments Group Ltd. lifted its holdings in First Trust Cloud Computing ETF by 177.9% in the 4th quarter. Russell Investments Group Ltd. now owns 289 shares of the company’s stock worth $38,000 after purchasing an additional 185 shares in the last quarter. Finally, Continuum Advisory LLC bought a new position in First Trust Cloud Computing ETF in the 2nd quarter worth approximately $40,000.

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.