First Trust Cloud Computing ETF (NASDAQ:SKYY) Short Interest Up 18.8% in March

First Trust Cloud Computing ETF (NASDAQ:SKYY) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 135,500 shares, a growth of 18.8% from the March 15th total of 114,100 shares. Based on an average trading volume of 270,600 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.5% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SKYY. Exencial Wealth Advisors LLC boosted its position in First Trust Cloud Computing ETF by 1.5% during the 4th quarter. Exencial Wealth Advisors LLC now owns 5,411 shares of the company’s stock valued at $645,000 after buying an additional 82 shares during the period. Hemington Wealth Management raised its stake in shares of First Trust Cloud Computing ETF by 29.6% during the fourth quarter. Hemington Wealth Management now owns 469 shares of the company’s stock valued at $55,000 after acquiring an additional 107 shares during the last quarter. Core Wealth Partners LLC boosted its holdings in shares of First Trust Cloud Computing ETF by 4.5% during the fourth quarter. Core Wealth Partners LLC now owns 2,547 shares of the company’s stock worth $303,000 after purchasing an additional 110 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of First Trust Cloud Computing ETF by 77.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 284 shares of the company’s stock worth $34,000 after purchasing an additional 124 shares during the last quarter. Finally, Prosperity Financial Group Inc. increased its holdings in First Trust Cloud Computing ETF by 0.6% during the 4th quarter. Prosperity Financial Group Inc. now owns 21,036 shares of the company’s stock valued at $2,506,000 after purchasing an additional 129 shares during the period.

First Trust Cloud Computing ETF Price Performance

Shares of First Trust Cloud Computing ETF stock opened at $92.16 on Tuesday. First Trust Cloud Computing ETF has a one year low of $83.45 and a one year high of $131.54. The business’s 50 day simple moving average is $108.02 and its two-hundred day simple moving average is $115.21. The stock has a market capitalization of $2.73 billion, a P/E ratio of 27.61 and a beta of 1.06.

About First Trust Cloud Computing ETF

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.