First Trust Cloud Computing ETF (NASDAQ:SKYY) Short Interest Up 19.8% in January

First Trust Cloud Computing ETF (NASDAQ:SKYY) saw a large increase in short interest in January. As of January 15th, there was short interest totaling 108,795 shares, an increase of 19.8% from the December 31st total of 90,848 shares. Based on an average daily trading volume, of 127,058 shares, the short-interest ratio is currently 0.9 days. Currently, 0.5% of the shares of the stock are sold short. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 127,058 shares, the short-interest ratio is currently 0.9 days.

First Trust Cloud Computing ETF Price Performance

NASDAQ SKYY opened at $111.91 on Thursday. The stock’s 50 day simple moving average is $128.09 and its 200-day simple moving average is $129.59. The company has a market cap of $2.50 billion, a PE ratio of 33.85 and a beta of 1.24. First Trust Cloud Computing ETF has a 1-year low of $85.38 and a 1-year high of $143.74.

Institutional Investors Weigh In On First Trust Cloud Computing ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Parallel Advisors LLC lifted its stake in shares of First Trust Cloud Computing ETF by 97.0% in the third quarter. Parallel Advisors LLC now owns 197 shares of the company’s stock worth $26,000 after buying an additional 97 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new stake in First Trust Cloud Computing ETF in the 4th quarter valued at about $30,000. Lowe Brockenbrough & Co. Inc. purchased a new position in First Trust Cloud Computing ETF in the 3rd quarter worth approximately $41,000. JFS Wealth Advisors LLC boosted its holdings in shares of First Trust Cloud Computing ETF by 114.3% during the 2nd quarter. JFS Wealth Advisors LLC now owns 375 shares of the company’s stock worth $46,000 after purchasing an additional 200 shares during the last quarter. Finally, Advisors Preferred LLC acquired a new position in shares of First Trust Cloud Computing ETF during the 2nd quarter worth approximately $47,000.

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.