Short Interest in First Trust Cloud Computing ETF (NASDAQ:SKYY) Declines By 41.7%

First Trust Cloud Computing ETF (NASDAQ:SKYYGet Rating) was the target of a large decrease in short interest during the month of April. As of April 30th, there was short interest totalling 474,100 shares, a decrease of 41.7% from the April 15th total of 813,900 shares. Based on an average daily trading volume, of 657,900 shares, the days-to-cover ratio is currently 0.7 days.

Shares of SKYY stock traded up $4.14 on Friday, hitting $69.76. 567,346 shares of the company’s stock were exchanged, compared to its average volume of 672,828. First Trust Cloud Computing ETF has a 12 month low of $62.66 and a 12 month high of $119.99. The company has a 50 day moving average of $82.33 and a 200 day moving average of $94.37.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Monday, March 28th were given a dividend of $0.083 per share. The ex-dividend date was Friday, March 25th. This represents a $0.33 annualized dividend and a dividend yield of 0.48%.

Several hedge funds have recently made changes to their positions in SKYY. Karlinski Andrew C bought a new stake in shares of First Trust Cloud Computing ETF during the 1st quarter worth $26,000. First Horizon Advisors Inc. lifted its position in shares of First Trust Cloud Computing ETF by 1,090.9% during the 4th quarter. First Horizon Advisors Inc. now owns 262 shares of the company’s stock worth $27,000 after buying an additional 240 shares during the last quarter. Bank of New Hampshire bought a new stake in shares of First Trust Cloud Computing ETF during the 1st quarter worth $27,000. Sandy Cove Advisors LLC bought a new stake in shares of First Trust Cloud Computing ETF during the 4th quarter worth $30,000. Finally, Mystic Asset Management Inc. bought a new stake in shares of First Trust Cloud Computing ETF during the 4th quarter worth $31,000.

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