Short Interest in First Trust Cloud Computing ETF (NASDAQ:SKYY) Expands By 158.6%

First Trust Cloud Computing ETF (NASDAQ:SKYYGet Free Report) was the recipient of a significant growth in short interest in May. As of May 31st, there was short interest totalling 217,200 shares, a growth of 158.6% from the May 15th total of 84,000 shares. Based on an average daily volume of 127,500 shares, the short-interest ratio is currently 1.7 days.

Institutional Investors Weigh In On First Trust Cloud Computing ETF

Several institutional investors have recently made changes to their positions in the stock. VitalStone Financial LLC lifted its stake in shares of First Trust Cloud Computing ETF by 144.8% in the third quarter. VitalStone Financial LLC now owns 350 shares of the company’s stock valued at $27,000 after purchasing an additional 207 shares during the period. EdgeRock Capital LLC acquired a new stake in shares of First Trust Cloud Computing ETF during the 4th quarter valued at approximately $33,000. Anchor Investment Management LLC acquired a new stake in shares of First Trust Cloud Computing ETF during the 4th quarter valued at approximately $40,000. PFS Partners LLC purchased a new position in First Trust Cloud Computing ETF in the 1st quarter valued at approximately $43,000. Finally, GAMMA Investing LLC purchased a new position in First Trust Cloud Computing ETF in the 4th quarter valued at approximately $45,000.

First Trust Cloud Computing ETF Stock Up 0.2 %

Shares of First Trust Cloud Computing ETF stock traded up $0.22 during trading on Friday, reaching $92.09. The company’s stock had a trading volume of 52,760 shares, compared to its average volume of 166,034. The business has a 50 day moving average price of $92.91 and a 200-day moving average price of $91.39. First Trust Cloud Computing ETF has a 12-month low of $70.42 and a 12-month high of $97.78. The company has a market capitalization of $2.97 billion, a P/E ratio of 33.21 and a beta of 1.06.

About First Trust Cloud Computing ETF

(Get Free Report)

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.

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