First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSEARCA:CRPT) Sees Large Increase in Short Interest

First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSEARCA:CRPT) saw a large increase in short interest in April. As of April 30th, there was short interest totaling 183,997 shares, an increase of 241.2% from the April 15th total of 53,930 shares. Based on an average trading volume of 90,624 shares, the days-to-cover ratio is currently 2.0 days. Approximately 2.5% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Sound Income Strategies LLC bought a new position in First Trust SkyBridge Crypto Industry and Digital Economy ETF during the 4th quarter worth $26,000. Cassaday & Co Wealth Management LLC bought a new position in First Trust SkyBridge Crypto Industry and Digital Economy ETF during the 1st quarter worth $57,000. CWM LLC raised its position in First Trust SkyBridge Crypto Industry and Digital Economy ETF by 88.0% during the 3rd quarter. CWM LLC now owns 2,765 shares of the company’s stock worth $62,000 after purchasing an additional 1,294 shares during the last quarter. Truvestments Capital LLC raised its position in First Trust SkyBridge Crypto Industry and Digital Economy ETF by 1,351.7% during the 4th quarter. Truvestments Capital LLC now owns 6,460 shares of the company’s stock worth $97,000 after purchasing an additional 6,015 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its position in First Trust SkyBridge Crypto Industry and Digital Economy ETF by 10.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 12,758 shares of the company’s stock worth $149,000 after purchasing an additional 1,200 shares during the last quarter.

First Trust SkyBridge Crypto Industry and Digital Economy ETF Price Performance

Shares of NYSEARCA CRPT traded down $0.50 during mid-day trading on Friday, hitting $15.23. 133,740 shares of the stock traded hands, compared to its average volume of 96,582. First Trust SkyBridge Crypto Industry and Digital Economy ETF has a twelve month low of $10.74 and a twelve month high of $25.90. The company has a market cap of $114.23 million, a PE ratio of -166.59 and a beta of 3.17. The firm has a 50 day simple moving average of $13.61 and a two-hundred day simple moving average of $15.28.

First Trust SkyBridge Crypto Industry and Digital Economy ETF Company Profile

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.