First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSEARCA:CRPT) Shares Shorted: Short Interest Up 81.8% in September

First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSEARCA:CRPT) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 89,723 shares, a growth of 81.8% from the August 31st total of 49,349 shares. Based on an average trading volume of 58,762 shares, the short-interest ratio is currently 1.5 days. Approximately 1.2% of the shares of the company are sold short.

Hedge Funds Weigh In On First Trust SkyBridge Crypto Industry and Digital Economy ETF

Hedge funds have recently modified their holdings of the company. Cassaday & Co Wealth Management LLC acquired a new stake in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF during the first quarter worth about $57,000. Janney Montgomery Scott LLC boosted its holdings in First Trust SkyBridge Crypto Industry and Digital Economy ETF by 10.4% in the first quarter. Janney Montgomery Scott LLC now owns 12,758 shares of the company’s stock worth $149,000 after acquiring an additional 1,200 shares in the last quarter. Western Wealth Management LLC purchased a new position in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF in the 1st quarter worth approximately $151,000. Kestra Advisory Services LLC raised its position in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF by 145.8% during the 1st quarter. Kestra Advisory Services LLC now owns 25,261 shares of the company’s stock valued at $294,000 after purchasing an additional 14,985 shares during the period. Finally, Brown Financial Advisors raised its stake in First Trust SkyBridge Crypto Industry and Digital Economy ETF by 17.2% during the second quarter. Brown Financial Advisors now owns 26,174 shares of the company’s stock valued at $297,000 after purchasing an additional 3,839 shares in the last quarter.

First Trust SkyBridge Crypto Industry and Digital Economy ETF Price Performance

First Trust SkyBridge Crypto Industry and Digital Economy ETF stock traded down $0.08 during midday trading on Wednesday, reaching $15.71. The stock had a trading volume of 16,606 shares, compared to its average volume of 89,532. The firm has a market cap of $117.80 million, a price-to-earnings ratio of -171.81 and a beta of 3.19. The firm’s fifty day simple moving average is $13.58 and its two-hundred day simple moving average is $13.43. First Trust SkyBridge Crypto Industry and Digital Economy ETF has a twelve month low of $10.74 and a twelve month high of $24.84.

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.