Short Interest in First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSEARCA:CRPT) Drops By 72.1%

First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSEARCA:CRPT) was the target of a large decrease in short interest in the month of December. As of December 31st, there was short interest totaling 40,190 shares, a decrease of 72.1% from the December 15th total of 144,161 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 76,287 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily trading volume, of 76,287 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.5% of the shares of the stock are short sold.

First Trust SkyBridge Crypto Industry and Digital Economy ETF Stock Performance

First Trust SkyBridge Crypto Industry and Digital Economy ETF stock traded down $0.29 during trading on Thursday, reaching $18.19. The company had a trading volume of 24,710 shares, compared to its average volume of 111,291. The firm has a market capitalization of $135.52 million, a PE ratio of -198.97 and a beta of 3.26. The firm’s 50-day simple moving average is $16.74 and its 200 day simple moving average is $20.37. First Trust SkyBridge Crypto Industry and Digital Economy ETF has a 1-year low of $10.51 and a 1-year high of $25.90.

First Trust SkyBridge Crypto Industry and Digital Economy ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a $0.1131 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.45 dividend on an annualized basis and a yield of 2.5%. First Trust SkyBridge Crypto Industry and Digital Economy ETF’s dividend payout ratio (DPR) is currently -120.32%.

Hedge Funds Weigh In On First Trust SkyBridge Crypto Industry and Digital Economy ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Gradient Investments LLC lifted its position in First Trust SkyBridge Crypto Industry and Digital Economy ETF by 23.6% in the third quarter. Gradient Investments LLC now owns 1,569,583 shares of the company’s stock valued at $34,970,000 after buying an additional 299,790 shares during the last quarter. AE Wealth Management LLC purchased a new stake in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF in the 2nd quarter valued at approximately $83,000. Mattson Financial Services LLC lifted its holdings in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF by 6.8% in the 2nd quarter. Mattson Financial Services LLC now owns 223,245 shares of the company’s stock worth $5,182,000 after acquiring an additional 14,166 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new position in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF during the 2nd quarter worth approximately $153,000. Finally, Cetera Investment Advisers boosted its position in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF by 2.9% during the 2nd quarter. Cetera Investment Advisers now owns 194,243 shares of the company’s stock worth $4,508,000 after purchasing an additional 5,479 shares during the period.

About First Trust SkyBridge Crypto Industry and Digital Economy ETF

The First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund actively invests in companies supporting the crypto industry and the digital economy around the world. CRPT was launched on Sep 20, 2021 and is managed by First Trust.