First Trust Cloud Computing ETF (NASDAQ:SKYY) Sees Large Growth in Short Interest

First Trust Cloud Computing ETF (NASDAQ:SKYY) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 189,900 shares, a growth of 52.0% from the August 31st total of 124,900 shares. Based on an average daily trading volume, of 235,700 shares, the short-interest ratio is presently 0.8 days. Based on an average daily trading volume, of 235,700 shares, the short-interest ratio is presently 0.8 days.

Institutional Trading of First Trust Cloud Computing ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC raised its holdings in First Trust Cloud Computing ETF by 615.4% in the 1st quarter. Farther Finance Advisors LLC now owns 279 shares of the company’s stock worth $29,000 after acquiring an additional 240 shares during the period. JFS Wealth Advisors LLC grew its position in shares of First Trust Cloud Computing ETF by 114.3% in the second quarter. JFS Wealth Advisors LLC now owns 375 shares of the company’s stock valued at $46,000 after purchasing an additional 200 shares during the last quarter. Advisors Preferred LLC acquired a new stake in shares of First Trust Cloud Computing ETF in the second quarter valued at about $47,000. Sound Income Strategies LLC boosted its stake in First Trust Cloud Computing ETF by 1,215.2% during the 1st quarter. Sound Income Strategies LLC now owns 434 shares of the company’s stock valued at $44,000 after purchasing an additional 401 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in First Trust Cloud Computing ETF by 69.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 481 shares of the company’s stock valued at $50,000 after purchasing an additional 197 shares during the period.

First Trust Cloud Computing ETF Stock Performance

Shares of NASDAQ SKYY opened at $134.29 on Wednesday. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of 33.85 and a beta of 1.06. The business’s 50-day simple moving average is $128.20 and its 200-day simple moving average is $117.45. First Trust Cloud Computing ETF has a 52 week low of $85.38 and a 52 week high of $138.82.

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.