First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSEARCA:CRPT) Short Interest Update

First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSEARCA:CRPT) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 49,349 shares, a decrease of 48.9% from the August 15th total of 96,563 shares. Based on an average daily volume of 58,698 shares, the short-interest ratio is currently 0.8 days. Currently, 0.7% of the company’s stock are sold short.

First Trust SkyBridge Crypto Industry and Digital Economy ETF Stock Down 3.2%

Shares of CRPT traded down $0.48 during mid-day trading on Tuesday, hitting $14.52. 17,001 shares of the company traded hands, compared to its average volume of 91,457. The company has a market capitalization of $106.69 million, a PE ratio of -158.79 and a beta of 3.19. The business has a 50 day moving average of $12.77 and a 200 day moving average of $13.21. First Trust SkyBridge Crypto Industry and Digital Economy ETF has a 1-year low of $10.74 and a 1-year high of $24.84.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Gradient Investments LLC raised its stake in First Trust SkyBridge Crypto Industry and Digital Economy ETF by 8.2% in the 2nd quarter. Gradient Investments LLC now owns 2,340,500 shares of the company’s stock worth $26,588,000 after acquiring an additional 177,354 shares during the last quarter. Csenge Advisory Group increased its holdings in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF by 102.0% in the fourth quarter. Csenge Advisory Group now owns 412,014 shares of the company’s stock valued at $6,184,000 after purchasing an additional 208,020 shares during the period. Mattson Financial Services LLC raised its stake in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF by 17.3% in the fourth quarter. Mattson Financial Services LLC now owns 298,252 shares of the company’s stock worth $4,477,000 after purchasing an additional 43,945 shares during the last quarter. Manchester Financial Inc. lifted its holdings in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF by 5.7% during the fourth quarter. Manchester Financial Inc. now owns 91,415 shares of the company’s stock worth $1,372,000 after purchasing an additional 4,892 shares during the period. Finally, Money Concepts Capital Corp boosted its position in First Trust SkyBridge Crypto Industry and Digital Economy ETF by 13.9% in the first quarter. Money Concepts Capital Corp now owns 102,910 shares of the company’s stock valued at $1,198,000 after buying an additional 12,565 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.