First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSEARCA:CRPT) Short Interest Down 48.9% in August

First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSEARCA:CRPT) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 49,349 shares, a decrease of 48.9% from the August 15th total of 96,563 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily volume of 58,698 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Csenge Advisory Group grew its holdings in shares of First Trust SkyBridge Crypto Industry and Digital Economy ETF by 102.0% during the fourth quarter. Csenge Advisory Group now owns 412,014 shares of the company’s stock worth $6,184,000 after buying an additional 208,020 shares in the last quarter. Gradient Investments LLC boosted its position in First Trust SkyBridge Crypto Industry and Digital Economy ETF by 8.2% during the second quarter. Gradient Investments LLC now owns 2,340,500 shares of the company’s stock worth $26,588,000 after acquiring an additional 177,354 shares during the last quarter. Mattson Financial Services LLC boosted its position in First Trust SkyBridge Crypto Industry and Digital Economy ETF by 17.3% during the fourth quarter. Mattson Financial Services LLC now owns 298,252 shares of the company’s stock worth $4,477,000 after acquiring an additional 43,945 shares during the last quarter. Integrity Alliance LLC. purchased a new stake in First Trust SkyBridge Crypto Industry and Digital Economy ETF during the 4th quarter valued at about $364,000. Finally, Kestra Advisory Services LLC raised its holdings in First Trust SkyBridge Crypto Industry and Digital Economy ETF by 145.8% in the 1st quarter. Kestra Advisory Services LLC now owns 25,261 shares of the company’s stock valued at $294,000 after acquiring an additional 14,985 shares during the last quarter.

First Trust SkyBridge Crypto Industry and Digital Economy ETF Price Performance

CRPT stock traded down $0.42 during mid-day trading on Wednesday, reaching $13.88. 30,811 shares of the company’s stock were exchanged, compared to its average volume of 91,227. The company has a market cap of $111.03 million, a price-to-earnings ratio of -151.83 and a beta of 3.19. The stock’s 50 day moving average is $12.81 and its 200 day moving average is $13.22. First Trust SkyBridge Crypto Industry and Digital Economy ETF has a 12-month low of $10.74 and a 12-month high of $24.84.

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.